323 King Street East, Hamilton | Image 1

323 King Street East

Hamilton, Beasley

  • Commercial

$2,799,000
For Sale

Added 6 days ago

  • Type: Investment

  • Property Type: Commercial

  • Zoning: D2 - Downtown Mi

  • Age: No Data

  • Taxes: 21237.52

  • MLS®#: X5879869

  • Added: Jan 25, 2023 (6 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA, BROKERAGE

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!

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Area: Hamilton

  • Community: Beasley

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2022

  • Taxes: $21,238

  • Taxes Type: Annual

Land

  • Cross Street: King And Wellington

  • Municipality District: Hamilton

  • Parcel Number: 171680148

  • Lot Depth: 103.44 Feet

  • Lot Frontage: 38.89 Feet

  • Zoning: D2 - Downtown Mi

Commercial Specific

  • Retail Area: 4148

  • Retail Area Metric: Sq Ft

  • Total Area: 10242

  • Total Area Metric: Sq Ft

  • Office Size: 6094

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.33 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.89 km
JK-8

George L Armstrong Public School

Elementary: Public
1.41 km
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Dr. J. Edgar Davey (New) Elementary Public School

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0.44 km
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Queen Victoria Elementary Public School

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0.78 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
1.14 km
9-12

King William Alter Ed Secondary School

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0.19 km
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Turning Point School

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0.87 km
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Vincent Massey/James Street

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3.48 km
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St. Charles Catholic Adult Secondary School

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2.08 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

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1.35 km
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Cathedral High School

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0.51 km