515 PARK AVENUE E, Chatham-Kent (Chatham), Ontario, N7M5J4

Property Description

Great opportunity for an Investor/Developer to acquire approx. 11.5 acres of land (2 lots (Parcel 1&2) including approx. 1.04 acres of open land) are being sold together. Zoning is UC(HC1) allows mixed use for development of a commercial/residential project to enhance the current Chatham(city) community providing housing and commercial/retail opportunities permitting many uses like Residential, Commercial, Hotel, LTC, Gas Station, Assembly, Warehousing etc. The vacant land is located on the north side of Park Avenue East, at the northeast corner of the Park street intersection, close to many amenities including McDonalds and is in a heavy traffic area and close proximity to Hwy 401/Hwy 40. Services are on the road. Surveys available upon request. Site Plan Approval for 140 residential units and a retail plaza is expected soon. Can qualify for CMHC funding (to be explored). 424 Park St E approx. 1.04 acres lot (open land) can be planned as a drive through restaurant (subject to approvals). Gordie Howe International bridge connecting Detroit to Windsor will enhance trade and employment in the region. A car battery EV plant coming up by Toyota in Windsor will enhance the business and employment in the region. Please Note: Both the lots are listed for sale together and included here. Parcel 1 - Part 2 approx. 1.04 acres at 424 Park Ave E N7M 5Y5 Parcel 2 - Parts 1-11 approx. 10.04 acres at 515 Park Ave E N7M 5J4 (id:64974)

Quick Facts

• Property Type: Vacant Land
• Bedrooms: None
• Bathrooms: None
• Living Area: 12 sq ft (1.1 m²)
• Lot Size: 11.5000 acres (4.65 ha)
• Frontage: 453 ft (138 m)

Costs

• Annual Taxes: $6,570.00

Listing Provided by: CENTURY 21 PEOPLE'S CHOICE REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.