151-153 James Street S Hamilton, Ontario L8P 2Z5
$4,999,900
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. (id:14833)
Property Details
| MLS® Number | 40592902 |
| Property Type | Office |
| Amenities Near By | Hospital, Public Transit |
| Community Features | High Traffic Area |
Building
| Basement Type | None |
| Exterior Finish | Brick |
| Stories Total | 3 |
| Size Exterior | 9177.0000 |
| Size Interior | 9177 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access, Rail Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit |
| Size Depth | 112 Ft |
| Size Frontage | 48 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | I |
https://www.realtor.ca/real-estate/26930704/151-153-james-street-s-hamilton
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May 31 2024 03:55:03
Niagara Association of REALTORS®
Cosmopolitan Realty, RE/MAX Niagara Realty Ltd, Brokerage
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