Business For Sale · Retail

419 KING STREET, Hamilton (Landsdale)

419 KING STREET, Hamilton (Landsdale), ON L8N1C5

$149,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

85%

About this property

Located on a busy corner in downtown Hamilton, this well-established variety store offers excellent visibility and high foot and vehicle traffic. With steady business, it presents a great opportunity for buyers looking to operate their own convenience store. The store includes a kitchen for added convenience during daily operations. It carries a wide selection of everyday essentials, snacks, and beverages, serving nearby residents and passing customers. For more information about the business, income, and sale details, please contact me! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$688

Projected NOI

$7K

Annual cash flow

$-1K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

103,187

Households

46,806

Median income

$115,000

Median age

32.5

Daytime population

154,144

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 419 KING STREET, Hamilton (Landsdale).

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.