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Home ON Chatham-Kent Chatham
420 QUEEN Street
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420 QUEEN Street $7,500,000
$7,500,000
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420 QUEEN Street
Chatham, Ontario N7M2J2

MLS® Number: 40678192

Listing Description

Fantastic neighborhood commercial investment opportunity available for sale, located at 420 Queen Street in Chatham, at the corner of Park Avenue and Queen Street. With a tot square footage of 21,494 square feet this well known property is anchored by Shopper's Drug Mart which has been at this location since it was constructed in 1980. Long-term lease in ace with Shopper's Drug Mart with attractive returns. 6,000 sq. ft. of the building is currently vacant, previously occupied by Scotia Bank. This is also a perfect opportunity for retail or professionals to set up their business and become an investor. Well cared for since new, the building was updated in 2016 with a new membrane roof over the entire structure, brick facade repaired, repointed, and resealed, newly expanded and surfaced parking lot and mechanicals. Lots of on-site parking, lot maintenance has been recently completed. Zoned UC(CC) Community Commercial which allows for many uses including financial institution, retail store, temporary care facility, office, clinic and many more. A non-disclosure agreement is required prior to receiving any due diligence material. 6,000 SF Unit also available for Lease. (68333780)

Location Description

Corner of Park Ave and Queen Street

Property Summary

Property Type
Retail
Storeys
1
Subdivision Name
SE
Title
Other, See Remarks
Land Size
0.997 ac|1/2 - 1.99 acres
Annual Property Taxes
$164,007.69
Time on REALTOR.ca
34 days

Building

Interior Features
Basement Type
None
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Public Transit

Measurements

Square Footage
21494 sqft
Exterior Building Size
21494 sqft

Land

Lot Features
Frontage
228 ft
Land Depth
207 ft
Other Property Information
Zoning Description
UCC
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
MARY SOJCZYNSKI