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30 Seven Mile Ave 5,092 SF 100% Leased Retail Building Hamilton, OH 45011 $1,686,360 CAD ($331.18 CAD/SF) 25% Cap Rate
Investment Highlights
- Very profitable store
- Empty lot next to property is included in the sale
- New laundromat one month old, and open 7 days a week
Executive Summary
Excellent mixed-use investment opportunity featuring a profitable convenience store and a newly added laundromat on the first floor, plus 3 spacious occupied apartments on the second floor providing steady rental income. Strong cash flow with multiple income streams in one property! Well-maintained, turn-key operation with the current owners ready for some R&R. Great opportunity for investors or owner-operators seeking a well established income-producing property.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
5,092 SF
Year Built/Renovated
1920/2004
Price
$1,686,360 CAD
Price Per SF
$331.18 CAD
Cap Rate
25%
NOI
$421,590 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.26 AC
Zoning
commercial/residential
Parking
16 Spaces (3.14 Spaces per 1,000 SF Leased)
Frontage
48’ on Seven Mile Ave.
Amenities
- Corner Lot
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | L5300-003-000-082 | Improvements Assessment | $60,976 CAD |
| Land Assessment | $5,593 CAD | Total Assessment | $66,569 CAD |
Property Taxes
Parcel Number
L5300-003-000-082
Land Assessment
$5,593 CAD
Improvements Assessment
$60,976 CAD
Total Assessment
$66,569 CAD
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30 Seven Mile Ave
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