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58 King St W 5,037 SF 100% Leased Office Building Hamilton, ON L9H 1T8 $2,133,549 USD ($423.58 USD/SF)
Investment Highlights
- 6 self contained units - single room and multi room units.
- Rare LED Billboard system
- 5 parking spaces
- C5a - Mixed Use Medium Density allowing many uses - see supplements
Executive Summary
Exceptional opportunity to acquire a fully upgraded commercial property in one of Stoney Creek’s most established business corridors with BONUS option to purchase neighbouring property 60 King St. W., a second commercial property for a substantial addition to your business or portfolio. The building features 5-car parking lot, billboard advertising with a newer LED billboard system, 6 self contained commercial/residential units (single room and multi room spaces), 5,037sq.ft of finished area. Zoned C5a Mixed Use Medium Density, the property is ideally suited for medical, professional, administrative, residential and a variety of service-based businesses. It's high-visibility location provides excellent exposure, making it an outstanding choice for both business operations and advertising. The property's rare LED billboard also creates additional advertising revenue opportunities. Extensive upgrades to the interior, exterior, and parking areas make this a true turnkey offering, ready on day one. Whether you are seeking a headquarters for your business, a collaborative office environment, an investment property, or a combination of all three, this rare offering presents strong cash flow potential and significant long-term upside. See supplements for chattels list, Zoning/uses information. Financials provided with signed NDA. Easement to be registered prior to closing providing access to parking at 60 King St.W.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,037 SF
Building Class
A
Year Built
1960
Price
$2,133,549 USD
Price Per SF
$423.58 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,519 SF
Building FAR
0.84
Lot Size
0.14 AC
Zoning
C5a - C5a Mixed Use Medium Density, the property is ideally suited for medical, professional, admin., residential and a variety of services. See supplements
Parking
5 Spaces (0.99 Spaces per 1,000 SF Leased)
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Presented by
Waterside Real Estate Group
58 King St W
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