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$ 1,250,000
Est. payment /mo
Active
247 Chatham STREET South Blenheim, ON N0P1A0
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 25023879
Property Sub-Type Freehold
Source Chatham Kent Association of REALTORS®
Property Description
Discover a prime future development opportunity on the frontage of this 51.55-acre farm property, situated on the South side of Blenheim. Boasting approximately 680 feet of frontage along Chatham Street South, the A1 zoned property currently exhibits a Highway Commercial planning designation overlay, with strong potential for rezoning the front portion—to a depth of about 85 meters (278 feet)—for Highway Commercial use. This presents an ideal location for a custom-built retail or service plaza, capitalizing on high-visibility roadside exposure. The land is presently configured with approximately 42.5 acres of tillable soil more or less, currently planted with corn for the season (note: the current crop is excluded from the sale). Investors will appreciate the proven long-term value of farmland holdings near urban growth areas, offering stability and appreciation potential. Additionally, buyers may explore opportunities for aggregate extraction on-site, adding further versatility to this asset. This transaction will be structured as a share purchase of the holding corporation and offers to be submitted on the seller provided letter of intent. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by ROYAL LEPAGE PEIFER REALTY Brokerage
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