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Investment Commercial Building for Sale

MLS# H4036171 Price: $2,099,000

Landmark, Historical Mixed Use 5-Plex totally turn-key & grossing over $107,000 per annum with plenty of room to increase gross, located in the heart of the Entertainment District (Hess Village). Towering 4 storey building above grade level with many improvements, as per owner, over $400K spent on improvements and is fully occupied with solid Tenants with desire to stay and renew. The lower lever has a huge outdoor Patio that wraps the side of the building and accommodates a Lounge on the corner of Hess & George. The Main Floor is leased to a renowned Tattoo Parlor with a waiting list plus soaring ceiling height and floor to ceiling windows that over look the village. Second floor consists of 2 beautifully re-modeled one bedroom apartments and third floor contains a huge 2 Bedroom unit with vaulted ceilings, skylights tasteful finishings, not to mention exposed brick walls. Residential rents are below market and have huge upside! Recent updates include: Front door and some windows, new sub-floor(upper level) covered with porcelain tiles. New Viessmann gas hi-efficiency boiler with new rads, with new radiant gas lines, some new wiring, new plumbing, newer kitchen, roof (approx 2 years) and much more!

What's your Walk Score? 95 Walker's Paradise

What's your Transit Score? 84 Excellent Transit

Property Details: 32 HESS Street S (near George St. )
Listing# 8243

Location

Address 32 HESS Street S
City Hamilton
Cross Streets George St.
District Hamilton West (10)
Neighbourhood Strathcona South (103)
Listing Agent Vincent Formosi

Description

Sub Type Investment Price $ 2,099,000
Lease Rate Per For Sale LotSize N/A
Location Hamilton Heating Electric Forced Air
Gas Hot Water
Radiant
Square Footage 0

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Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.

Lisa Blackmore, Sales Representative | 905-510-0734 | info@lisablackmore.com

RE/MAX Escarpment Realty Inc., Brokerage | 4121 Fairview St, Burlington, Ontario L7L 2A4, Canada | Office: 905-632-2199

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