421 Grand Avenue E Chatham-Kent, Ontario N7L 1X4

18,923 sqft
Partially Air Conditioned Radiant Heat

$879,900

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. (id:38604)

Business

Business Type Accommodation
Business Sub Type Motel

Property Details

MLS® Number X13646154
Property Type Business
Community Name Chatham
Amenities Near By Public Transit, Recreation
Parking Space Total 14

Building

Appliances Furniture, Microwave
Cooling Type Partially Air Conditioned
Heating Type Radiant Heat
Size Interior 18,923 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer
Size Depth 270 Ft
Size Frontage 70 Ft
Size Irregular 70 X 270 Ft
Size Total Text 70 X 270 Ft
Zoning Description Hc1

https://www.realtor.ca/real-estate/30123358/421-grand-avenue-e-chatham-kent-chatham-chatham

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Stacey Zegers
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(519) 601-1160

The Realty Firm Prestige Brokerage Inc.

(519) 601-1160

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