Hamilton, ON L8L 6P1,418 Sherman Avenue N
$1,475,000
Est. payment /mo
$1,800,000
18.1%
Est.Price: ?

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30,709 SqFt
SOLD DATE : 04/17/2023

Key Details

Sold Price $1,475,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

Square Footage 30,709 sqft

Price per Sqft $48

MLS Listing ID 40378459

Annual Tax Amount $17,792

Lot Size 0.705 Acres

Property Description

Investment property for sale at the corner of Burlington Street and Sherman Avenue in Hamilton. High traffic intersection with a traffic count of over 35,000 vehicles per day. The site is on a land lease with Tim Hortons which expires in 2024 with renewal rights at market rates. Neighbouring property also available for sale.

Location

Province ON

County Hamilton

Area 21 - Hamilton Centre

Zoning M5

Rooms

Kitchen 0

Interior

Heating Natural Gas

Cooling Ductless

Exterior

Exterior Feature Storage

Utilities Available Yes

Waterfront No

Building

Lot Description Urban, Ample Parking, Business Centre, Corner Lot, High Traffic Area, Highway Access, Industrial Park, Public Transit

Story 1

Sewer Sewer (Municipal)

Water Municipal

New Construction No

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Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

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