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480 Grays Rd 16,206 SF 100% Leased Industrial Building Hamilton, ON L8E 2Z4 $3,065,405 USD ($189.15 USD/SF)
INVESTMENT HIGHLIGHTS
- Great parking at the front and rear of building.
- Roof membrane replaced in 2021.
- Rear of building fully secured with a chain link fence.
EXECUTIVE SUMMARY
User/Investor opportunity! Property demised into 5 units. Units are set-up for automotive repairs with vehicle hoists throughout. Vacant possession possible on 4 of the units (+/- 13,782 sq. ft.). Approximately 2,206 Sq. Ft. of mezzanine not included in square footage. Each unity features its own washroom and is separately metered. 7 drive-in doors (14' high). Great parking at the front and rear of building. Rear of building fully secured with a chain link fence. Roof membrane replaced in 2021. Excellent location in Stoney Creek with easy access to Q.E.W. Phase 1 ESA completed in December 2024. No Phase II recommended.
PROPERTY FACTS
| Price | $3,065,405 USD | Rentable Building Area | 16,206 SF |
| Price Per SF | $189.15 USD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1979 |
| Property Type | Industrial | Parking Ratio | 0.37/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 0.88 AC | ||
| Zoning | M2 - Mixed-Use Medium Density | ||
| Price | $3,065,405 USD |
| Price Per SF | $189.15 USD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.88 AC |
| Rentable Building Area | 16,206 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 0.37/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | M2 - Mixed-Use Medium Density |
AMENITIES
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480 Grays Rd
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