902 Main St E, Hamilton, Ontario L8M 1M5

Listed for:
$2,299,900
0 beds
1 baths
Listed 15 days ago
902 Main St E, Hamilton, Ontario L8M 1M5

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Listing provided by:
REVEL REALTY INC.
MLS® number:
X8009194
Agent:
Abdellah Majd
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About

Gageview Car Wash is a reputable, long standing operation situated along a busy main corridor of Hamilton's downtown. Massive opportunity awaits in this 19,500 square foot (almost .5 acre) parcel on the future LRT route in the respected St Clair neighborhood. This cash flowing business can provide multiple streams of income (coin/ tap car wash, air pump, vacuum units, ATM machine, and land rental for chip truck) and they're all fully operable on the land. This parcel is currently zoned C2 allowing for a large mixed use foot print. Possibility of 4+ floors with desired planning (buyer to do due diligence). Clean Phase 1 and Phase 2 Environmentals on hand. This is a rare opportunity to generate considerable income while planning for a larger scope project as Hamilton continues to move towards encouraging densification in the downtown core. (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
10
Ownership Type
Amenities nearby
Highway, Public Transit

Location

Summary

Located in the bustling downtown area of Hamilton, Gageview Car Wash is a well-established business with a prime location along a busy main corridor. Situated on a 19,500 square foot parcel of land, this nearly half-acre property is positioned along the future LRT route in the highly regarded St Clair neighborhood, presenting a significant opportunity for prospective buyers.

With a total of 10 parking spaces, this property offers a range of amenities nearby, including easy access to the highway and public transit. The business itself is a cash flowing operation, with multiple streams of income available, such as a coin/tap car wash, air pump, vacuum units, ATM machine, and land rental for a chip truck. All of these income streams are fully operational on the land, providing a lucrative opportunity for potential investors.

Currently zoned as C2, the property allows for a large mixed-use footprint, with the potential for 4+ floors with the appropriate planning and due diligence. Additionally, the parcel has clean Phase 1 and Phase 2 Environmentals on hand, further adding to its appeal for those looking to generate substantial income while planning for a larger-scale project in line with Hamilton's downtown densification efforts.

Offered for sale, this property boasts a land size of 130 x 150 FT and is located at 902 MAIN ST E in the city of Hamilton, Ontario. The community of Stipley is where this property is situated, with a postal code of L8M1M5. With a total of 1 bathroom, this property presents a rare and lucrative opportunity for those looking to invest in a thriving business in a prime location.

Street Spotlight - For sale