$4,299,000
Excellent investment opportunity that offers both cashflow and development potential. Located right at one of the key future light rail stations, this property includes a nearly 14,000 square foot mixed-use building and a large 40+ car parking lot. A large usable basement offers additional square footage and opportunity. With several strong anchor tenants that include F45 Training, Red Rockets BBQ, and a large office tenant, there is plenty of quick upside to be realized by leasing several turn-key vacant units. In addition to the commercial units, there are four fantastic 2-storey residential lofts occupied by excellent tenants. With exposed brick and beautiful post and beam construction, this building is full of desirable urban character. With a highly flexible Downtown Central Business District D1 Zoning, the permitted uses and development scenarios for this site are varied and plentiful. Optimize or even expand the existing building, and/or let the property carry itself while going through development planning and approvals. This is a rare opportunity to acquire a large parcel within steps of a major LRT hub! (id:50617)
Property Details
MLS® Number
|
40645521 |
Property Type
|
Vacant Land |
AmenitiesNearBy
|
Public Transit |
CommunityFeatures
|
High Traffic Area |
Features
|
Visual Exposure |
Building
BasementType
|
None |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
LandAmenities
|
Public Transit |
Sewer
|
Municipal Sewage System |
SizeDepth
|
177 Ft |
SizeFrontage
|
132 Ft |
SizeIrregular
|
0.487 |
SizeTotal
|
0.487 Ac|under 1/2 Acre |
SizeTotalText
|
0.487 Ac|under 1/2 Acre |
ZoningDescription
|
D1 - Downtown Central Business District |
Utilities
Electricity
|
Available |
Natural Gas
|
Available |
https://www.realtor.ca/real-estate/27398258/15-21-wellington-street-n-hamilton