See all 48 photos
48 photos
REQUEST A TOUR
$3,799,900
Est. payment /mo
9,774 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,774 sqft
Price per Sqft $388
Subdivision Central
MLS Listing ID X12169896
Annual Tax Amount $27,476
Tax Year 2024
Property Sub-Type Commercial Retail
Lot Depth 80.29
Lot Front 42.86
Property 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
Location
Province ON
County Hamilton
Community Central
Area Hamilton
Zoning D2
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 42.86
Lot Depth 80.29
Others
Security Features Yes
Read Less Info
Listed by REVEL REALTY INC.