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. (id:60365)
BusinessType | Automobile |
BusinessSubType | Automotive |
MLS® Number | X12177198 |
Property Type | Retail |
Community Name | Chatham |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeExterior | 4262 Sqft |
SizeInterior | 4262 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 298 Ft ,2 In |
SizeFrontage | 138 Ft ,11 In |
SizeIrregular | Bldg=138.98 X 298.18 Ft |
SizeTotalText | Bldg=138.98 X 298.18 Ft |
ZoningDescription | M1-742 |
https://www.realtor.ca/real-estate/28375043/191-keil-drive-s-chatham-kent-chatham-chatham
Linda Liu
Salesperson