Description
Exceptional opportunity for investors or owner-operators to acquire a prime commercial property in a AAA location, steps from St. Josephs Hospital. This 3,900 sq. ft. building features 3 floors of medical office space and 4 floor comprising a residential unit with 2 bedroom apartment. Rear parking lot accommodates 14 vehicles, a rare advantage in the area. Currently generating a net operating income of $120,000 (6.5% cap rate) under a gross lease structure, with tenants willing to renew for an additional 5 years or vacate for owner occupancy. Immediate positive cash flow with strong long-term upside in one of Hamilton's most sought-after corridors.
Overview
Property ID:
X12393008
Type:
Commercial Retail
Square:
3,905 m²
Price:
$1,789,999
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Yes
Heating:
Gas Forced Air Closed
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
23324.93
PossessionDetails:
Tenant
Map
-
AddressHamilton
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