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70 King St E 8,000 SF 100% Leased Retail Building Hamilton, ON L8G 1H8 $2,516,365 USD ($314.55 USD/SF) 7% Cap Rate
Investment Highlights
- Free-standing medical building providing 8,000 sq ft across two levels, zoned for medical and retail use.
- Accessibility-enabled design featuring five washrooms and adaptable office layouts.
- Strong income profile supported by existing lease structures with renewal and escalation provisions.
- Robust tenant mix including pharmacy, family medicine, cardiology clinics, and allied health professionals.
- Prominent street frontage along King Street East with excellent visibility and pedestrian traffic.
Executive Summary
This offering presents an exceptional opportunity to acquire a fully tenanted, purpose-built medical building located in the heart of Stoney Creek, Hamilton. Positioned on King Street East, this two-level property boasts 8,000 sq ft of functional and adaptable medical space with excellent street exposure and high visibility. Anchored by a retail pharmacy and family medicine clinic on the main level, the building is complemented by a strong tenant mix, including cardio and cardiac clinics, chiropractic services, podiatry, RMT, and chiropody.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1910
Price
$2,516,365 USD
Price Per SF
$314.55 USD
Cap Rate
7%
NOI
$176,146 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.41
Lot Size
0.13 AC
Zoning
C5 - Fixed use medium density
Frontage
46’ on King St
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 30
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70 King St E
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