533 Concession Street, Hamilton (Eastmount) - Business for Sale
533 Concession Street, Hamilton (Eastmount), Ontario, L8V1A7
This business in Hamilton is for sale offering roughly 2,088 sq ft of space.
Description
Excellent opportunity to own a fully equipped restaurant, café, coffee shop in a high-traffic Hamilton Mountain commercial corridor. This turnkey spaceincludes a 12 ft commercial hood, walk-in cooler and walk-in freezer, and a 22 ft wide bar,making it suitable for a wide range of hospitality concepts. It also offers exclusive use of arear patio for additional seating and a basement area (not included in total square footage)for storage or operational use. The interior features custom seating and an inviting Arabic-style lounge setup, providing a unique and versatile atmosphere. The business can operateunder the existing franchise name "The Bloom Coffee" or be rebranded under a new name,offering flexibility for new or experienced operators. Located on a busy commercial streetwith strong visibility and consistent traffic, this location presents excellent growthpotential. Lease is secured until 2034 with an option to renew for two additional 5-yearterms, with current rent approximately $4,350/month plus TMI, making it a strong valueopportunity for entrepreneurs looking to establish or expand in the hospitality sector. (id:66096)
Property Details
- MLS®
- X13507708
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C5A
- Interior Size
- 2,088 ft²
- Frontage
- 66 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11.05/yr
- Listed
- 127 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 127 days on market, against an average age of 61 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8V)
This home lists at $249,000, about 3.6× the local median household income of $68,500.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $68,500
- Population
- 21,165
- Median age
- 44.4
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L8V)
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$249,000
Hamilton