$3,499,000

For sale

380 King Street East, Hamilton (Landsdale) - Retail for Sale

380 King Street East, Hamilton (Landsdale), Ontario, L8N1C3

19,690 ft²Listed 27 days ago

Overview

This retail property in Hamilton is for sale offering roughly 19,690 sq ft of space. It has been on the market 27 days, fresher than the Hamilton average of 68 days.

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Description

Discover an exceptional investment opportunity at 380 King St East & 1 West Ave South in Hamilton. This iconic 100-year-old 3 storey brick-and-beam building, originally constructed in the 1890s now stands proudly at the gateway to the vibrant International Village. Spanning 19,690 square feet of prime mixed-use commercial space, this property enjoys a remarkable 90% occupancy rate, housing a diverse mix of office and retail tenants. Its strategic location, poised for a proposed LRT stop at the bustling intersection of King and Main, ensures high traffic and visibility. The site offers surface parking, providing convenience for tenants and visitors alike. Benefit from easy access to Hamilton's dynamic downtown core, excellent walk ability, and strong transit connections. Enhance your portfolio with this fully updated, mural-clad property. Seize this rare chance to own a piece of Hamilton's historic and thriving commercial landscape. (id:66096)

Property Details

MLS®: X13877148
Property Type: Retail
Business Type: Personal Services
Zoning: H
Interior Size: 19,690 ft²
Frontage: 105 ft
Building Area: 19,690 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $72,681.59/yr
Listed: 27 days ago

Features

Lot Features: Elevator

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Hamilton (Landsdale) listings, avg age

68d

Price / ft²

$178

List price

$3.50M

Haho

This retail in Hamilton (Landsdale) has been listed for 27 days, which is 41 days fresher than the city average of 68. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC., BROKERAGE · Tim O'Connor

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8N)

This home lists at $3,499,000, about 63.9× the local median household income of $54,800.

Carrying it typically needs a household income of about $683,477 (20% down, 25-yr amortization, stress-tested) — roughly 1147% above the area median.

Median household income: $54,800
Population: 15,568
Median age: 36.8
Owner / renter: 26% / 75%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA L8N)

$3,499,000· $178/ft²

For sale

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Financing

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