189 Hughson St S - Office FOR SALE


Hamilton, ON L8N 2B6- Hamilton Downtown A
$1,789,999 CAD
365-675-4276
189 Hughson St S, Hamilton, ON for Sale
$1,789,999 CAD
Office - FOR SALE
1/2
null | 6.52% Cap Rate

189 Hughson St S
Hamilton, ON L8N 2B6
Hamilton Downtown A


OVERVIEW

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 (6.52% 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.

FOR SALE DETAILS

PRICE

$1,789,999 CAD

PRICE/SF

$595 CAD /SF

CAP RATE

6.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C5

APN/PARCEL ID

251802014200400

ASK ABOUT THIS PROPERTY

Andre JosephCity Capital GroupMore Info
365-675-4276

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Andre JosephCity Capital GroupMore Info
365-675-4276

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.