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15 Wellington St N

13,916 SF 100% Leased Office Building Hamilton, ON L8K 6J1 $3,032,868 USD ($218 USD/SF) 4.50% Cap Rate

Office Space Ontario Hamilton 15 Wellington St N, Hamilton, ON L8K 6J1

Investment Highlights

  • Ample parking
  • Retail amenities nearby
  • Heavy commercialized area
  • Access to public transit and highway
  • High exposure location

Executive Summary

Excellent investment opportunity that offers both cashflow and development potential. Located right at one of the key future light rail stations, this property includes a nearly 14,000 square foot mixed-use building and a large 40+ car parking lot. A large usable basement offers additional square footage and opportunity. With several strong anchor tenants that include F45 Training, Red Rockets BBQ, and a large office tenant, there is plenty of quick upside to be realized by leasing several turn-key vacant units. In addition to the commercial units, there are four fantastic 2-storey residential lofts occupied by excellent tenants. With exposed brick and beautiful post and beam construction, this building is full of desirable urban character. With a highly flexible Downtown Mixed Use D3 Zoning, the permitted uses and development scenarios for this site are varied and plentiful. Optimize or even expand the existing building, and/or let the property carry itself while going through development planning and approvals. This is a rare opportunity to acquire a large parcel within steps of a major LRT hub!

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
13,916 SF
Building Class
C
Year Built
1976
Price
$3,032,868 USD
Price Per SF
$218 USD
Cap Rate
4.50%
NOI
$136,479 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,958 SF
Slab To Slab
11’
Building FAR
0.69
Land Acres
0.46 AC
Zoning
D3
Parking
40 Spaces (2.59 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 104
  • 949 SF
  • Retail
  • Partial Build-Out
  • 30 Days

Welcome to the perfect space for your business at 15 Wellington, located at the intersection of two high-traffic corridors and at the entry to Hamilton's downtown core and International Village. This main-floor retail unit offers significant visual exposure and the potential for substantial foot traffic, with neighboring tenants such as F45 Training, Red Rockets BBQ, DoorDash, and residential tenants creating additional secondary traffic. Walking distance to various recent or upcoming developments, including KiWi Condos, 1 Jarvis, and King William Rentals, as well as existing retail, grocery, and restaurant businesses. The unit features exposed brick and beautiful post-and-beam construction, giving it an authentic urban character. The space benefits from Downtown Central Business District (D1) Zoning, offering a wide range of permitted uses. Rent includes TMI, with utilities charged separately or proportionately. Parking available on-site for tenants at an additional cost, with ample parking options for customers in nearby areas.

Space Size Space Use Condition Available
1st Fl-Ste 104 949 SF Retail Partial Build-Out 30 Days

1st Fl-Ste 104

Size
949 SF
Space Use
Retail
Condition
Partial Build-Out
Available
30 Days

1st Fl-Ste 104

Size 949 SF
Space Use Retail
Condition Partial Build-Out
Available 30 Days

Welcome to the perfect space for your business at 15 Wellington, located at the intersection of two high-traffic corridors and at the entry to Hamilton's downtown core and International Village. This main-floor retail unit offers significant visual exposure and the potential for substantial foot traffic, with neighboring tenants such as F45 Training, Red Rockets BBQ, DoorDash, and residential tenants creating additional secondary traffic. Walking distance to various recent or upcoming developments, including KiWi Condos, 1 Jarvis, and King William Rentals, as well as existing retail, grocery, and restaurant businesses. The unit features exposed brick and beautiful post-and-beam construction, giving it an authentic urban character. The space benefits from Downtown Central Business District (D1) Zoning, offering a wide range of permitted uses. Rent includes TMI, with utilities charged separately or proportionately. Parking available on-site for tenants at an additional cost, with ample parking options for customers in nearby areas.

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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (83)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(905) 537-4819

  • Listing ID: 33216854

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 15 Wellington St N, Hamilton, ON L8K 6J1

The Office Property at 15 Wellington St N, Hamilton, ON L8K 6J1 is currently available For Sale. Contact Sotheby's International Realty for more information.

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15 Wellington St N
(905) 537-4819 x

15 Wellington St N

Martinus Geleynse

(905) 537-4819

(905) 537-4819

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