13916 sqft
$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 Mixed Use D3 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:56248)
Property Details
MLS® Number
|
40644108 |
Property Type
|
Office |
Neigbourhood
|
North End |
AmenitiesNearBy
|
Public Transit |
CommunityFeatures
|
High Traffic Area |
Features
|
Visual Exposure, Crushed Stone Driveway |
ParkingSpaceTotal
|
43 |
Building
BasementType
|
Full |
ConstructionMaterial
|
Concrete Block, Concrete Walls |
ExteriorFinish
|
Brick, Concrete |
StoriesTotal
|
3 |
SizeExterior
|
13916.0000 |
SizeInterior
|
13916 Sqft |
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
|
D3 - Downtown Mixed Use |
https://www.realtor.ca/real-estate/27397391/15-21-wellington-street-n-hamilton