$544.83 Per Sq Foot $26,841 est/mo Sourced by Back At You

151-153 James Street S,Hamilton, ON L8P 2Z5

Hamilton ON, L8P 2Z5

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Description

Prime Commercial Building with High-End Restaurant and Boutique Office Space. Excellent Location! This fully leased income property is situated in the prime restaurant district of South End Hamilton, adjacent to the GO Station and upcoming LRT line. This commercial asset houses two tenants: High-End Restaurant and Boutique Office Spaces (office spaces could be rented out to multiple tenants). Restaurant: New 10-year Carefree Triple NET lease with GTA restaurant group which invested $500k in the site, including multi-level patio with 150 outdoor patio seats, and over 200 indoor seats. Office Spaces: Second and third floors offer boutique office spaces with private balcony. Income: Generates substantial rental income with annual escalations and recoveries. Numerous new developments in the vicinity including boutique hotel and other GTA restaurants. Great cap rate with a solid net operating income. Future Potential: Zoned for high-density residential development. Beautifully preserved building with high ceilings, tin finishes, and exposed brick walls. Take Quick Action! With mortgage rates predicted to go down in a few days, now is the perfect time to grab this amazing deal. Don’t miss out on this exceptional investment opportunity in a rapidly growing area.

Details

MLS#40592902
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Days On Site60
Listing Provided ByCOSMOPOLITAN REALTY | Robby Pruthi

Features

SQ Feet9,177
Story(s)3
ZoningI
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 2 minutes ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8P 2Z5
Area12 Hamilton West
Subarea122 Durand North
Community Name122 Durand North
Listing VS Median (in 122 Durand North)
Price:
$4,999,900
low | high
Med:
$216,048
100% of Average
SqFt:
9,177
low | high
Med:
637
100% of Average
$ / SqFt:
$545
low | high
Med:
$383
79.64041774156% of Average
On Site:
60
low | high
Med:
14.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 6,500 - 11,000
Nearby Listings Property ImageNearby Listings Details
2-164 Robinson Street Property Photo 1
$0
2-164 Robinson Street
Hamilton, ON L8P
Listing Updated: July 17, 2024 at 2:04:46 PM PDT