527 Upper Sherman Avenue, Hamilton | Image 1

527 Upper Sherman Avenue

Hamilton, Eastmount

  • Commercial

$399,900
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C2

  • Age: 6-15 years

  • Taxes: 5773.88

  • MLS®#: X10441212

  • Days on Site: 21 Days

  • Added: Nov 20, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: HOMELIFE MAPLE LEAF REALTY LTD.

Turnkey opportunity to own Mahal Restaurant, a community favorite for Indian and Pakistani cuisine, located in the heart of downtown Hamilton at 527 Upper Sherman Ave. This thriving business features a fully equipped commercial kitchen, including a gas stove, clay oven, fryers, walk-in cooler & freezer, pizza and dough-making machines, and more, ensuring efficient operations. The stylish dining area, combined with takeout and online ordering systems through platforms like Uber Eats and Skip The Dishes, drives steady revenue and loyal customers and strong sales. Known for its exceptional menu and loyal clientele, this standalone business operates free of franchise fees. Included in the sale are all operational assets, branding materials, and offers of transition assistance for a seamless handover, or the option to rebrand as desired. Positioned in a high-visibility downtown location with excellent foot traffic, Mahal serves a diverse clientele and is a cornerstone of the local investors.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 6-15

  • Area: Hamilton

  • Community: Eastmount

  • Availability Date: 30/60/90

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LTS 27 & 28, PL 561, As In VM113099, S/T And T/W VM113099; Ha

  • Taxes: $5,774

  • Taxes Type: Annual

Land

  • Cross Street: Queensdale Ave E and

  • Municipality District: Hamilton

  • Lot Depth: 19.58 Feet

  • Lot Frontage: 18 Feet

  • Zoning: C2

Commercial Specific

  • Number of Employees: 8

  • Retail Area: 100

  • Retail Area Metric: %

  • Total Area: 1765

  • Total Area Metric: Sq Ft

  • Hours Open: 12PM -

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 24

  • Business/Building Name: Mahal Restaurant

  • Financial Statement: Y

  • LLBO: N

Map of 527 Upper Sherman Avenue, Hamilton
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