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$2,750,000
Available - For Sale
Listing ID: X8099246
Unlock unparalleled investment potential with our prestigious medical building, a haven for medical professionals, savvy investors, and visionary developers alike. For healthcare practitioners, this is your golden opportunity to elevate your practice, leveraging an established medical hub to foster growth, secure valuable asset appreciation, and enjoy additional income through renting to fellow specialists. Investors, seize this chance to tap into a lucrative revenue stream by collecting rent from a diverse mix of medical tenants in a prime location, ensuring a robust and stable income. Moreover, for those with a keen eye for transformation, the unique C2 commercial zoning permits an exciting conversion of the upper floors into residential units, potentially yielding an impressive $450K annually. Situated n a bustling area surrounded by medical clinics, laboratories, and pharmacies, this building is not just an asset but a gateway to endless possibilities.
Extras:   Seize this remarkable investment! Prime medical building with growth potential for professionals, steady income for investors, and a $450K/year opportunity through residential conversion. Don't miss out!
Price $2,750,000
Taxes: $24,859
Tax Type: Annual
Occupancy by: Tenant
Address: 700 Main St East , Hamilton, L8M 1K7, Ontario
Postal Code: L8M 1K7
Province/State: Ontario
Legal Description: 700 main E Lots 155 and 156, Plan 411; P
Lot Size: 80 x 104.75 (Feet)
Directions/Cross Streets: Main Street East & Eastbourne
Zoning: H-Commercial C2-
Category: Office
Use: Medical/Dental
Building Percentage: Y
Total Area: 13,468
Total Area Code:  Sq Ft
Office/Appartment Area: 10219
Office/Appartment Area Code: Sq Ft
Financial Statement: Y
Franchise: N
Days Open: 7
Employees #: 0
Seats: 0
LLBO: N
Sprinklers: Y
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: Public
Sewers: San Avail
Water: Municipal
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Asking Price: $ Heating: $ /Year  
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ROYAL LEPAGE SIGNATURE REALTY

700 Main St East , Hamilton, L8M 1K7, Ontario


 
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At a Glance:
Type: Com - Office
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Central
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Lot Size: 80.00 x 104.75(Feet)
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Tax: $24,859
Maintenance Fee: $0
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