#4 516 Centennial Parkway North, Hamilton (Stoney Creek) - Business for Sale
#4 516 Centennial Parkway North, Hamilton (Stoney Creek), Ontario, L8E0G2
This business in Hamilton is for sale offering roughly 1,599 sq ft of space.
Description
An excellent opportunity to acquire a well-established Mediterranean restaurant located at 516 Centennial Parkway N, Hamilton in the highly desirable Stoney Creek area. Strategically situated in a busy Smart Centre plaza anchored by major tenants including Walmart, McDonalds, Five Guys, Shoeless Joes, South Indian restaurant, Dollar Store, Healthy planet and other strong retailers, ensuring high foot traffic and excellent visibility . This modern restaurant is only 3 years old, featuring well-maintained equipment and leasehold improvements, and operates as a fully turnkey business. The location enjoys strong and consistent sales along with an impressive 4.5-star Google rating, reflecting its loyal customer base and strong brand presence. Ideal opportunity for owner-operators, family operators, or investors looking to step into an established franchise with growth potential. Attractive price point with significant opportunity to further increase revenue through extended hours, catering, and delivery platforms. Favorable lease terms with 5 years remaining and two renewal options of 4 years each. Low rent of $5,063.50 plus TMI. Do not miss this chance to own a successful Mediterranean restaurant in a high-traffic retail plaza. (id:66096)
Property Details
- MLS®
- X13420542
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- G1-S/-1613
- Interior Size
- 1,599 ft²
- Lot Size
- 460 × 925 ft (9.76 acres)
- Frontage
- 460 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 148 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 148 days on market, against an average age of 54 days across the listings currently for sale in this city
This business in Hamilton (Stoney Creek) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8E)
This home lists at $225,000, about 2.5× the local median household income of $91,000.
Carrying it typically needs a household income of about $43,950 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 41,927
- Median age
- 41.2
- Owner / renter
- 71% / 29%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA L8E)
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$225,000
Hamilton