Active

151-153 JAMES Street S

Hamilton Ontario, L8P2Z5

$4,999,900


$544.83 per sqft

Active

9,177 sqft

Commercial

 Courtesy of COSMOPOLITAN REALTY 

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:41202)

40592902

MLS ID

June 1, 2024

Updated

Map

151-153 JAMES Street S
Hamilton Ontario, L8P2Z5

Other Property Details

Garage

No


View

No


Pool

No

Courtesy of COSMOPOLITAN REALTY

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