Business For Sale · Office

414 MAIN Street E, Hamilton

414 MAIN Street E, Hamilton, ON L8N1J9

Price on request

3,226 SF

Asset Class

Office

Size

3,226 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

88%

Year Built

1925

About this property

Built in 1925, this distinguished 3,300 sq. ft. office property offers a rare combination of historic charm, professional presence and functional design. Ideally located in the heart of Hamilton, the property presents an exceptional leasing opportunity for professionals, established businesses or organizations seeking a distinctive and well-appointed address. Rich in character and architectural appeal, the building offers the warmth and distinction of a historic property while providing the space and flexibility required for today’s professional environment. Its generous square footage allows for a variety of configurations, including private offices, professional practices, collaborative workspaces, meeting areas or a growing organization requiring a substantial headquarters. The central Hamilton location provides excellent visibility and convenient access to surrounding businesses, services, amenities and major transportation routes. Lease terms are offered on an all-inclusive basis, providing tenants with greater cost certainty and simplified monthly expenses. The Landlord is also willing to consider attractive leasing incentives for qualified tenants. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters1,805 SF2028-09
Prairie Coffee Roasters660 SF2028-09
Prairie Coffee Roasters400 SF2028-09

Area demographics

Trade area within 3 miles of the property.

Population

94,083

Households

32,841

Median income

$80,500

Median age

41.7

Daytime population

129,806

5-yr growth

7.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 414 MAIN Street E, Hamilton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.