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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Abdellah Majd • Revel Realty Inc.

$ 2,999,990

Est. payment | -/mo

9,774 SqFt

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$ 2,999,990

Est. payment | -/mo

Save

9,774 SqFt

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 9,774 sqft

Price per Sqft $306

MLS Listing ID 40848305

Abv Grd Liv Area 9,774

Annual Tax Amount $28,585

Property Sub-Type Building and Land

Source Cornerstone

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. Offered at a 7.68% cap rate & 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 ~$300,000 in annual gross income (before recoverable). 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 (6/19 converted) 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

Area 10 - Hamilton West

Zoning H

Direction Corner of James St N & Mulberry St

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Lot Frontage 42.86

Lot Depth 80.29

Garage No

Building

Lot Description Hospital, Public Transit

Faces Corner of James St N & Mulberry St

Story 3

Foundation Concrete Block, Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick,Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 171600216

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B 2N0, CAN

197 James Street N Hamilton, ON L8R 2L2

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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197 James Street N