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    For Sale - 99 1st Avenue, Arran-Elderslie, Ontario

    Est payment $1,859/mo
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    Time on Jump  1 days

    AI Summary *

    • Historic brick building offers both commercial and residential investment opportunities.
    • Main floor restaurant recently renovated, providing a popular breakfast spot.
    • Two occupied apartments generate steady rental income with separate utilities.
    • Convenient back access for deliveries and ample basement storage space.
    • Located in a busy town with easy access to surrounding areas and Lake Huron.




    This is a fantastic opportunity for someone looking to invest in a commercial property in downtown chesley! This historic brick building has both commercial & residential spaces with multiple options. Enjoy the benefits with three steady revenue streams!! The main floor restaurant is leased as restaurant space and recently renovated with new flooring, signage and seating area with dining counter, hot table and cold display case. A welcome breakfast spot in town. Fully equipped with a walk-in cooler, fire suppression system, gas stove, double ovens, freezer, and prep area. Office, basement storage space and convenient back access for deliveries. Electric furnace forced air, 200 amp service. Two occupied apartments upstairs with steady stream of rental income. One 2 bedroom and one 1 bedroom, each with their own laundry. Baseboard heating, separate hydro meters and hot water tanks upgraded in 2019. Water billed separately and currently paid by the landlord. Chesley is a busy town with plenty of opportunities, and just a short drive owen sound, surrounding towns and lake huron. This property provides a great balance of commercial potential and residential income, all in a welcoming community near major employment opportunities. High cap rate of just under 10% with all three spaces leased. All equipment/appliances as is.
    Listing IDX12601894
    Address99 1st Avenue
    CityArran-Elderslie, Ontario
    Price$375,000
    Bath4 Full
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Electric Forced Air

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    Listing Agency:  COLDWELL BANKER THE REAL ESTATE CENTRE
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    99 1st Avenue
    Arran-Elderslie , Ontario
    4 $375,000
    Get more info