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:51158)
MLS: X12177198 For sale : 191 KEIL DRIVE S An exceptional investment opportunity to acquire a strategic piece of property in a high-traffic area with great potential. Excellent visibility and accessibility in the main commercial and industrial core in the city, the surrounding development and booming increase the value of the property and bring in more business potential. Almost 1 acre land features with gas bar, car wash, oil change since 2008, located in a very busy intersection, with three accesses easy in and out providing convenience to all the customers including big trucks, steps away to casino, McDonalds, Hilton hotel. The station boasts high fuel sales and features the busiest automatic car wash in town. Stabilized Shell fleet card corporation customers come in high frequency everyday, including Purolator, local businesses, and most of the dealerships on the Richmond St.. Double wall fiber glass tank, brand new pumps, canopy lights, pylon sign, Shell RVI signages and car wash door. The owner has been running the business for 11 years, Shell multiple awards winning dealer. It delivers a high return on investment and requires no owner operation all staff are long-term employees up to 18 years working for this site. Don’t disturb employees working there when visiting the site. (id:51158)
| Business Type | Automobile |
| Business Sub Type | Automotive |
| MLS® Number | X12177198 |
| Property Type | Retail |
| Community Name | Chatham |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 4262 Sqft |
| Size Interior | 4,262 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 298 Ft ,2 In |
| Size Frontage | 138 Ft ,11 In |
| Size Irregular | Bldg=138.98 X 298.18 Ft |
| Size Total Text | Bldg=138.98 X 298.18 Ft |
| Zoning Description | M1-742 |
https://www.realtor.ca/real-estate/28375043/191-keil-drive-s-chatham-kent-chatham-chatham
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