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    For Sale - 421 Grand Avenue, Chatham-Kent, Ontario

    Est payment $4,225/mo
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    Views   2
    Time on Jump  16 day




    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.
    Listing IDX13646154
    Address421 Grand Avenue
    CityChatham-Kent, Ontario
    Price$879,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public Transit, Recreation/Community CentreHeating / Cooling RadiantSewer Sanitary

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    Listing Agency:  THE REALTY FIRM PRESTIGE BROKERAGE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    421 Grand Avenue
    Chatham-Kent , Ontario
    $879,900
    Get more info