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$575,000
Available - For Sale
Listing ID: X12289004
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.
Price $575,000
Taxes: $3,300
Tax Type: Annual
Occupancy by: Owner
Address: 110 Duncan Stre , Chatham-Kent, N8A 4E2, Chatham-Kent
Postal Code: N8A 4E2
Province/State: Chatham-Kent
Directions/Cross Streets: JAMES ST & DUNCAN ST
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
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Washroom 4:  0
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Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
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Washroom 39:  0
Washroom 40:  0
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Washroom 44:  0
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Washroom 47:  0
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Washroom 51:  0
Washroom 52:  0
Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Category: Retail
Building Percentage: T
Total Area: 1,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Franchise: F
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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RE/MAX SPECIALISTS TAVSELLS INC.

110 Duncan Stre , Chatham-Kent, N8A 4E2, Chatham-Kent


 
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Type: Com - Commercial Retail
Area: Chatham-Kent
Municipality: Chatham-Kent
Neighbourhood: Wallaceburg
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Tax: $3,300
Maintenance Fee: $0
Beds: 0
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Fireplace: N
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