$3,649,000

151-153 James Street S

Hamilton ONTARIO, L8P 2Z5

Description

This landmark building is one of the few remaining large mixed use assets in this neighborhood, and offers a very attractive return on equity. The ground floor restaurant space is leased to a strong covenant and highly experienced operator. Radius Restaurant and Lounge is a premier brand has been a fixture in downtown Hamilton for over 6 years. The business performs well, and the triple net lease is personally guaranteed.The upper floor of this building can be rented out as office space, or owner occupied by your business. Located right in the heart of the James south district, surrounded by restaurants, professional offices, and situated right between the central business district and the St. Josephs Healthcare Charlton Campus.This property has been meticulously maintained. This offers flexibility to the buyer, with future intensification of the existing building possible, including the addition of an elevator and conversion to event space or conference center. The property is also suited and the zoning is approved for high-density residential.The upside on this investment is twofold, capitalize now by taking advantage of the strong return on investment, while waiting for the appreciation in land values.

Details

MLS#H4078344
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site123

Features

SQ Feet9,177
Story(s)1
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Area Information
ProvinceOntario
CountyHamilton
CityHamilton
Postal CodeL8P 2Z5
AreaHamilton
Listing VS Median (in L8P 2Z5)
Price:
$3,649,000
low | high
Med:
$3,000
100% of Average
SqFt:
9,177
low | high
Med:
1,651
100% of Average
$ / SqFt:
$398
low | high
Med:
$2
100% of Average
On Site:
123
low | high
Med:
123
100% of Average
Listing Updated: 09/20/2020
Evan Apostol LogoMLS Number: H4078344
Listing Provided By:
Evan Apostol  of  Blair Blanchard Stapleton Ltd.
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 REALTORS® Association of Hamilton-Burlington.