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185 Grand Av W 7,500 SF Office Building Chatham, ON N7L 1C2 $1,299,000 CAD ($173.20 CAD/SF)
Investment Highlights
- Mix of open workspace and nine dental operatory rooms.
- Neighboring lot at 197 W Grand is included - currently a parking lot.
Executive Summary
Colliers is pleased to present for sale 185 Grand Ave W, Chatham (the “Property”), a boutique office building with 7,500 SF of office space located in Chatham, Ontario, being sold in conjunction with 197 Grand Ave W, currently being used as additional parking. The subject property is ideally located in the heart of Chatham along a high-visibility commercial corridor, offering excellent access to surrounding neighbourhoods and major roadways. This fully tenanted, freestanding corner building features a blue-chip anchor
tenant and a recently upgraded exterior, enhancing both curb appeal and longterm value, presenting an exceptional opportunity for an investor seeking stable income in a growing city.
tenant and a recently upgraded exterior, enhancing both curb appeal and longterm value, presenting an exceptional opportunity for an investor seeking stable income in a growing city.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,500 SF
Building Class
C
Year Built
1938
Price
$1,299,000 CAD
Price Per SF
$173.20 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,750 SF
Building FAR
0.36
Lot Size
0.48 AC
Zoning
HC1 - permitted uses include a variety of commercial and professional services.
Parking
23 Spaces (3.07 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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185 Grand Av W
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