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323 King St E Hamilton, Ontario L8N 1C1

10242 sqft
Fully Air Conditioned Radiant Heat

$2,799,000

Fantastic Construction-Ready Residential Conversion! Permits Are Filed And Set To Be Issued Pending Fees! If You're Looking For A Profitable Redevelopment Project That Is Truly Hammer-Ready, This Is It. Plans Include Retaining Main Floor Commercial While Developing 8 New Residential Units (5 X 2-Bed, 3 X 1-Bed). Take It A Step Further By Dividing The Main Floor Into Smaller Units For A Higher Psf Lease Value. Situated Steps From A Future Lrt Station, This Building Has Significant Cashflow And Appreciation Value. If Development Isn't Your Thing, The Existing Structure Is Ready To Lease In Its Current State As Offices, Retail, Hospitality, Etc. Thanks To Generous D2 Zoning! Tremendous Potential For Investors, End-Users, And Developers Alike. Clean Phase 1 Environmental On-Hand. Plans, Proforma, And Additional Information Available Upon Request. This Amount Of Usable Square Footage Is Incredibly Rare On The Lrt Route. Don't Miss This Remarkable Opportunity! (id:41954)

Property Details

MLS® Number X5879869
Property Type Business
Community Name Beasley

Building

Cooling Type Fully Air Conditioned
Heating Type Radiant Heat
Size Interior 10242 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 38.89 X 103.44 Ft
Size Total Text 38.89 X 103.44 Ft

https://www.realtor.ca/real-estate/25218103/323-king-st-e-hamilton-beasley

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