Excellent investment opportunity that offers both cashflow and development potential. Located right at one of the key future light rail stations, this property includes a nearly 14,000 square foot mixed-use building and a large 40+ car parking lot. A large usable basement offers additional square footage and opportunity. With several strong anchor tenants that include F45 Training, Red Rockets BBQ, and a large office tenant, there is plenty of quick upside to be realized by leasing several turn-key vacant units. In addition to the commercial units, there are four fantastic 2-storey residential lofts occupied by excellent tenants. With exposed brick and beautiful post and beam construction, this building is full of desirable urban character. With a highly flexible Downtown Mixed Use D3 Zoning, the permitted uses and development scenarios for this site are varied and plentiful. Optimize or even expand the existing building, and/or let the property carry itself while going through development planning and approvals. This is a rare opportunity to acquire a large parcel within steps of a major LRT hub!
MLS# | 40644108 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 52 |
Listing Provided By | Sotheby's International Realty Canada, Brokerage | Martinus Geleynse |
SQ Feet | 13,916 |
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Basement | Y |
Story(s) | 2 |
Zoning | D3 - Downtown Mixed Use |
Acreage | 0.49 |
Province | ON |
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County | Hamilton |
City | Hamilton |
Postal Code | L8R 1M7 |
Area | 14 Hamilton Centre |
Subarea | 140 Beasley |
Community Name | 140 Beasley |
Listing VS Median (in 140 Beasley) | |
Price: $4,299,000 low | high Med: $3,000 SqFt: 13,916 low | high Med: 925 $ / SqFt: $309 low | high Med: $3 On Site: 52 low | high Med: 43.000000 |