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$1,199,000
Est. payment /mo
43,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 43,300 sqft
Price per Sqft $27
Subdivision Wallaceburg
MLS Listing ID X12146408
Annual Tax Amount $39,187
Tax Year 2024
Property Sub-Type Commercial Retail
Lot Depth 477.43
Lot Front 449.67
Property Description
Mixed-Use Investment Powerhouse on Nearly 5 Acres! High Income, Prime Zoning, Endless Potential! Unlock Immediate Cash Flow and Long-Term Upside with this 43,300 sq. ft. Mixed-Use Complex on 4.99 Acres of High-Visibility Commercial Land. This Exceptional Opportunity Features a Solid Income Base with 19 Residential Units (8 1-bedroom, 10 2-bedroom, 1 3-bedroom), 6 Commercial Storefronts, and 50+ On-Site Parking Spaces. With a Projected Net Annual Income of $200,000, this Income-Producing Property Offers Stability from Day One while Zoning Flexibility and Prime Frontage Open the Door to Significant Value-Add Potential. Ideal for Coffee Shops, Drive-Thrus, Car Washes, or Retail Developments. Backed by Heavy Power Capacity, Recent Upgrades, and Strong Development Potential, this Asset is Suited for Investors Seeking a Profitable, Versatile, and Expandable Commercial Holding. Permitted Uses Include: Automobile Sales & Service, Take-Out Restaurants, Furniture Stores, Hotels/Motels, Taverns, and Wholesale Establishments. Profitable & Flexible. Built to Grow. Financials Available to Qualified Buyers.
Location
Province ON
County Chatham-kent
Community Wallaceburg
Area Chatham-Kent
Zoning RHC-184 (Rural Highway Commercial)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 449.67
Lot Depth 477.43
Others
Security Features No
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Listed by FOREST HILL REAL ESTATE INC.