Investment Commercial Building for Sale

MLS# H4154395 Price: $1,200,000

Property Description

Remarkably updated three storey downtown building. Fully renovated, from studs back inside, with one storey addition in 2016, it is presently leased through 2025 with flexible terms for main floor, basement and 2nd floor; third floor residential presently vacant so set your own lease terms. Second floor has potential to be residential space. Operating kitchens on three floors, and washrooms on each floor and one in basement; all finishes are first class. 2nd floor rear deck, amazing galvanized steel fire escape and rear gate system offer security and safety. Lots of natural light with windows in all doors, and tall ceilings on main floor. Commercial area leased for 5 years at $55,200+HST & est. 1800 for res: $76,800 gross potential rent and net of $66,369. Great value is enhanced by the added value of building signage facing easterly..all traffic approaching Wellington on King can see your sign! A terrific property featuring updated finishes and systems is yours for the asking!

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What's your Walk Score? 76 Very Walkable

What's your Transit Score? 84 Excellent Transit

Property Details: 329 KING Street E (near Wellington )
Listing# 61264


Address 329 KING Street E
City Hamilton
Cross Streets Wellington
District Hamilton Centre (14)
Neighbourhood Beasley (140)
Listing Agent Cameron Nolan


Sub Type Investment Price $ 1,200,000
Lease Rate Per For Sale LotSize 73.86 ft x 0.50 ft x 30.06 ft x 18.08 ft x 104.38
Location Hamilton Heating Gas Forced Air Closed
Square Footage 2624

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