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Chatham-kent,ON N8A 4E2
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $575
Subdivision Wallaceburg
MLS Listing ID X12289004
Annual Tax Amount $3,300
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Ideal investment opportunity to acquire three freestanding buildings together located at 110 Duncan Street, 360 James Street, and 344 James Street (an adjoining building) in Wallaceburg, Chatham-Kent. These properties, situated in the downtown area, collectively comprise six retail units and a two-bedroom apartment. Additionally, there is a partially finished apartment area ready for completion, with significant potential to be converted into five to six separate apartment units (four two-bedroom units and two one-bedroom units). Both the retail and residential units have the potential to generate a combined income of $11,000 to $12,000 per month. Kindly note that all three buildings will be sold together to one buyer, and the sale is on an "as is, where is" basis. 110 Duncan St consists of 2 Main Floor commercial retail units (1)1,600 sqft retail unit is leased to a Thrift Store. (2)1,400 sq ft retail unit is empty. 344 James St consists of 2 Main Floor commercial retail units (1)1,500 sq ft is leased to a Nail Salon (2) 1,300 sq ft unit is empty + Upper level area of 1,800 sq ft total of 6 rooms that could be potentially converted to Apartments. 360 James St consists of 2 Main Floor commercial retail units (1)1,200 sq ft unit is empty (2) 1,000 sq ft retail unit is empty + Upper level 1,200 sq ft Apartment with separate entrance that is currently leased.
Location
Province ON
County Chatham-kent
Community Wallaceburg
Area Chatham-Kent
Interior
Cooling Yes
Exterior
Utilities Available Available