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$ 3,899,000
Est. payment | /mo
$ 3,899,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Chatham
MLS Listing ID X12177198
Annual Tax Amount $34,253
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
An exceptional investment opportunity to acquire a strategic piece of property in a high-traffic area with stable high return. Almost 1 acre land features with gas bar, car wash, oil change since 2008, located in a very busy intersection. The property leased out with great tenant for 20 years long term agreement. Carefree ownership, rent income from day one. The capital rate is over 6.5%. CoC return is over 12% based on the 35% mortgage down payment.
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 138.98
Lot Depth 298.18
Others
Security Features Yes
ParcelsYN No
Listed by HOMELIFE LANDMARK REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "