2 - 425 ST CLAIR STREET, Chatham-Kent

$50,000

For sale: Other

Other at 2 - 425 ST CLAIR STREET, Chatham-Kent
Property type
Sale Of Business
MLS®
MLS® X13677982
Neighbourhood
Chatham-Kent

Prime Restaurant Business Opportunity in Chatham. Excellent opportunity to acquire an established restaurant business located in one of Chatham's busiest and most highly desirable commercial areas. The business is for sale; only the building is leased. Ideally situated at a high-traffic intersection with excellent visibility and surrounded by major retailers and popular businesses, including McDonald's, No Frills, Tim Hortons, Rexall, Dairy Queen, Wendy's, Food Basics and Shoppers Drug Mart. This strategic location offers strong exposure, convenient access and excellent potential for an owner operator or entrepreneur looking to enter or expand in the food-service industry. Turnkey opportunity with the existing restaurant setup and equipment included, allowing a new owner to continue operations with minimal interruption. Please note: Sale is for the business only. Building/real estate is not included and is subject to an existing lease.

Sold data

Homes in Chatham-Kent — recent sold market

Homes in Chatham-Kent took a median of 27 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 56, across 122 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.

The median sale price was $364,950.

Homes sold for about 3.8% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$364,950
Sale-to-list ratio
96.2%
Sold above asking
8%

Based on 122 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 2 - 425 ST CLAIR STREET