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Retail Property For Sale at 60 JAMES STREET N in Hamilton , Ontario

4 Sale ID #337692
Archived 07 Feb 2025

Asking Price

$6,500,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Mixed use commercial building with great curb appeal at the corner of James Street North and Rebecca Street. Potential for renovation or redevelopment. D2 zoning (Downtown Prime Retail) allows many uses. Property contains multiple addresses including 54, 56, 58, 60 James Street North and 8 Rebecca Street. Existing configuration features a total of 4 ground floor commercial units, 2 second level commercial/office units, and 14 residential rooms. Prime location in the downtown core within walking distance of many existing restaurants, retail store, residential high rises, student housing, and downtown amenities and attractions. (id:39198)

  • MLS® : #X9385964
  • Date Listed : 07 Oct 2024

Location

Province

Ontario

City

Hamilton

Address

60 James Street N

Postal Code

L0R2K1

Location Highlights

N/A

Listed by

RE/MAX ESCARPMENT REALTY INC. Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

16,500

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$6,500,000

Asking Price

$6,500,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

16,500

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A

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