51-53 Augusta St
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51-53 Augusta St
3,976 SF Retail Building Hamilton, ON L8N 1P8 $710,482 USD ($179 USD/SF) 5.38% Cap Rate
Investment Highlights
- Strong street frontage.
- Investors Dream!
- High traffic count aera.
Executive Summary
This is a rare opportunity to own a beautiful multi-use building on the desirable and trendy Augusta Street in Hamilton. This building has been lovingly maintained by the same owner since 1978 and the pride of ownership is evident. The main floor is currently being used as a high-end salon but could have a multitude of uses as this property has C5 zoning. Upstairs features two newly renovated apartment units -perfect for generating steady rental income. Vacant possession of the building will be provided.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,976 SF
Building Class
B
Year Built
1855
Price
$710,482 USD
Price Per SF
$179 USD
Cap Rate
5.38%
NOI
$38,219 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.70
Land Acres
0.13 AC
Zoning
C5 - Mixed Use Medium Density
Parking
3 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
68 FT on Augusta St
Amenities
- Air Conditioning
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (86)
Bike Score ®
Very Bikeable (79)
Nearby Major Retailers
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51-53 Augusta St
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