197 James Street N,Hamilton, ON L8R 2L2
Hamilton, ON L8R 2L2
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 # | 40733090 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 27 |
| Listing Provided By | Revel Realty Inc. | Abdellah Majd |
Features
| SQ Feet | 9,774 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Zoning | D2 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8R 2L2 |
| Area | 10 Hamilton West |
| Subarea | 102 Strathcona |
| Community Name | 102 Strathcona |
| Listing VS Median (in 102 Strathcona) | |
Price: $3,799,900 low | high Med: $719,000 SqFt: 9,774 low | high Med: 1,595 $ / SqFt: $389 low | high Med: $451 On site: 27 low | high Med: 21.000000 | |
 | $3,799,900197 James St NHamilton, ON L8R |