2506-2520 HIGHWAY 56, Hamilton
2506-2520 HIGHWAY 56, Hamilton, ON L0R1C0
$3.0M total
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Asset Class
Land
Size
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Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
92%
About this property
PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY IN BINBROOK! High-visibility location along Highway 56 in a growing community. Explore the potential for a commercial development, with conceptual plans illustrating possible uses such as a gas station, restaurant with drive-thru, convenience store, car wash and retail space. All proposed uses are subject to zoning and municipal approvals and are not guaranteed. Renderings are for illustrative purposes only. **Buyer to complete their own due diligence** regarding permitted uses, servicing, development feasibility and the status, validity, acceptance and transferability of any existing or proposed site plan approvals. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$14K
Projected NOI
$148K
Annual cash flow
$-17K
Cash-on-cash
-1.89%
DSCR
0.90
Going-in cap
4.97%
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.
Area demographics
Trade area within 3 miles of the property.
Population
81,357
Households
28,337
Median income
$70,500
Median age
41.8
Daytime population
104,345
5-yr growth
2.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 2506-2520 HIGHWAY 56, Hamilton.
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.