$879,900 Sale

Listed 79 days ago

421 GRAND AVENUE E

MLS® x13646154 Business

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Beds · 0

Baths · 0.0

Parking · 14

Sqft · 18923

Est. mortgage

$3,338/mo

Key Facts

Key facts for 421 GRAND AVENUE E

Property Type

Commercial

Parking

Garage: No, 14 parking

MLS #

X13646154

Size

18923 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Incredible opportunity for an investor looking for a well-established property with plenty of upside. The Flamingo Motel has a long history of providing travellers, workers and longer-term guests with an affordable and welcoming place to stay in Chatham.The property currently operates with 14 motel ...rooms, along with a spacious attached residence featuring four bedrooms, three full bathrooms, a kitchen and a living room. The residence offers flexibility for an owner-operator, on-site manager or staff accommodations. Subject to municipal approval, a buyer may also wish to explore options for creating additional rentable suites or reconfiguring portions of the property to increase its income potential.The building has benefited from several important updates, including most windows, a newer roof, an updated fire alarm system and renovations to three of the motel units. The existing layout provides a solid foundation for a new owner to continue operating the business while updating additional rooms over time.Located in Chatham, the property is well positioned to serve guests travelling through Southwestern Ontario, as well as contractors, seasonal workers, families and visitors requiring short- or longer-term accommodations. Chatham is a growing regional centre with convenient access to Highway 401, shopping, restaurants, healthcare, recreation and a diverse local economy supported by agriculture, manufacturing and service industries.Whether you are looking for an owner-operated business, an income-producing property or a value-add investment, the Flamingo Motel offers a rare combination of existing operations, on-site living accommodations and future potential. Property and business are being sold together. Buyers are responsible for completing their own due diligence regarding zoning, licensing, permitted uses and any future renovations or additional units. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

18923 sqft

Heating Type

Radiant heat

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

18923 sqft

Heating Type

Radiant heat

Air Conditioning

Partially air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

70 x 270 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

HC1

Land Amenities

Public Transit, Recreation

Acreage

70 x 270 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

HC1

Land Amenities

Public Transit, Recreation

Building Description

Home Type

Commercial

Subtype

Business

Sewers

Sanitary sewer

Water Supply

Municipal water

Home Type

Commercial

Subtype

Business

Sewers

Sanitary sewer

Water Supply

Municipal water

Community

Chatham

Area Code

Chatham-Kent (Chatham)

Community

Chatham

Area Code

Chatham-Kent (Chatham)

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Kasidy Dewulf

Email: [email protected] Cell: 519-350-0754