Welcome to 79 King Street West – the Historic ""Nichol Block"" Nestled in the heart of downtown Chatham, this is a rare chance to own a prime investment property in a dynamic and evolving area with exciting development opportunities on the horizon. Owned by the same family for over 60 years, this property boasts quality long-term tenants and generates approximately $1,615 in monthly rental income. The building features a versatile layout: the ground floor houses a commercial restaurant space, while the upper unit serves as a residential space. Utilities are currently covered by the owner for the residential tenant and paid by the tenant in the lower commercial unit. A full basement, accessible through the restaurant, offers ample storage space. Don’t miss this unique opportunity to invest in a vibrant and growing downtown core! (id:56069)
| MLS® Number | 24029417 |
| Property Type | Industrial |
| Constructed Date | 1900 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Acreage | No |
| Size Irregular | 0.062 |
| Size Total | 0.062 Ac|under 1/4 Acre |
| Size Total Text | 0.062 Ac|under 1/4 Acre |
| Zoning Description | Uc (cbd) |
https://www.realtor.ca/real-estate/27744460/79-king-street-west-chatham
Contact us for more information
Amber Pinsonneault
Broker of Record
(519) 354-5470
www.royallepagechathamkent.com/
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