716 MAIN Street E

About this home

Here is a rare chance to own a freestanding retail building on a highly visible corner in Hamilton. Set at the southeast corner of Main Street East and St. Clair Avenue, this well-maintained, single-storey building offers 1,676 sq ft of main floor retail space plus approximately 1,200 sq ft of basement storage, all on a 0.20-acre lot with C2 zoning. Parking is a standout feature, with 15 on-site spaces making it easy for customers to come and go, an advantage few properties along Main Street East can offer. The space is purpose-built for restaurant use and features a functional layout, great natural light, two ground floor washrooms, furnace and central air, and LED and pot lighting throughout. The property is currently leased and generates a top line income of $6,000 per month, or $72,000 per year. With a single tenant in place, it offers a simple, low-maintenance investment that delivers reliable cash flow from day one. The setting supports long-term success, with established residential neighbourhoods on all sides delivering steady daily traffic, public transit along Main Street East and convenient access to Highway 403 and the QEW. Opportunities to secure a standalone building with this much parking in Hamilton do not come along often. Whether you are growing your portfolio or making your first commercial investment, 716 Main Street East is an opportunity worth a closer look. (id:66966)

Details

Type

Other

Size

1676 sq ft

Basement

Full

Property tax

$12,300

Neighbourhood

St. Clair/Blakeley

Municipality

Hamilton

Interior

Fireplace

No

Heating, cooling and services

Water and sewer

Municipal sewage system

Building and exterior

Building area

1,676 square feet

Parking

Total parking

15

Location

Location is approximate. See nearby homes on the map