197 James St N,Hamilton, ON L8R
Hamilton, ON L8R
Description
Presenting 193-197 James Street North, on one of the most prestigious streets Hamilton has to offer. Steps to public transit, West Harbour Go Station, Acclamation Condos & other thriving businesses & future developments- this infamous building originally the Armoury Hotel has evolved to what is now a 21 unit office/retail asset. Set on the corner of James St N & Mulberry, this ~ 9700 square foot (as per MPAC) all brick building features a long time anchor tenant, Snafu Studios (both at street level) with 19 studio/office spaces across the second and third floors stable with young professional tenants & low vacancy producing ~$340,000 in annual gross income. The property also features forced air (dual system), central air (multiple units), high speed internet, hardwood floors while the office floors are equipped with 4 bathrooms (3 w/showers) and a shared kitchenette. Huge upside in converting office leases to a net structure and driving up NOI. All office tenants can also enjoy secured entry! An incredible opportunity to add to any commercial portfolio! Phase 1 & 2 ESA reports available. BUSINESSES NOT FOR SALE
Details
| MLS # | X12169896 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 27 |
| Listing Provided By | REVEL REALTY INC. | X12169896 344711 |
Features
| SQ Feet | 9,774 |
|---|---|
| Acreage | 0.22 |
Interior
| Cooling | Yes |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8R |
| Area | Central |
| Listing VS Median (in L8R) | |
Price: $3,799,900 low | high Med: $1,625 SqFt: 9,774 low | high Med: 975 $ / SqFt: $389 low | high Med: $2 On site: 27 low | high Med: 14.500000 | |
 | $3,799,900197 James Street NHamilton, ON L8R 2L2 |