561 Park Avenue Chatham, Ontario N7M 1X1

$492,000

Attention Investors & Owner-Operators — Don’t Miss This Exceptional Opportunity! This solid two-storey mixed-use building offers the perfect blend of business ownership and investment income. Featuring approximately 2,400 sq. ft. of vacant commercial space on the main floor, this property is ideal for an owner-operator or a wide range of commercial uses, supported by favourable zoning. The upper level includes two separate two-bedroom residential units — one currently tenanted at $1,200/month, while the second unit is vacant and market-ready with an estimated rent of $1,500/month, offering immediate upside. Situated on an extra-large lot approximately 200 feet deep, the property provides ample on-site parking and exceptional future development or expansion potential, this is a rare, flexible asset well-suited for investors looking to maximize returns or owner-operators seeking to offset operating costs with rental income. (id:60821)

Property Details

MLS® Number	26010585
Property Type	Industrial

Building

Size Interior	3,800 Ft2
Total Finished Area	3800 Sqft

Land

Acreage	No
Size Irregular	53.19 X 201.29 Ft
Size Total Text	53.19 X 201.29 Ft
Zoning Description	Comm

https://www.realtor.ca/real-estate/29753372/561-park-avenue-chatham