197 James Street N Hamilton, Ontario L8R 2L2

9,774 sqft
Fully Air Conditioned Forced Air

$2,999,990

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 ~$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 (id:62616)

Property Details

MLS® Number X13567318
Property Type Retail
Community Name Central
Equipment Type Water Heater
Farm Type Other
Rental Equipment Type Water Heater

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 9,774 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Depth 80 Ft ,3 In
Size Frontage 42 Ft ,10 In
Size Irregular 42.86 X 80.29 Ft ; 31.59 X 80.29 X 42.86 X 80.20 X 11.26ft
Size Total Text 42.86 X 80.29 Ft ; 31.59 X 80.29 X 42.86 X 80.20 X 11.26ft
Zoning Description D2

https://www.realtor.ca/real-estate/30037046/197-james-street-n-hamilton-central-central

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