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USD 3,349,313

193 - 197 James Street N
Hamilton, Ontario

Property Description

Iconic Investment Opportunity in heart of James Street North. Built as The Armoury Hotel C.1887 this three-storey 8970 sq. ft. brick beauty was repurposed into the multi-unit commercial centerpiece it is today. Situated at the corner of Mulberry Street, between Hamilton's two downtown GO stations and amongst new and upcoming condominium development, the location is superb. The property houses two street-level commercial storefronts & 19 studio/office spaces. Long established licensed Mulberry Coffeehouse occupies the corner with side patio, courtyard patio, and lots of welcoming café seating and is the successful cornerstone of the area. Vintage clothier—Snafu—occupies the second retail unit and is a terrific vibrant retail tenant. Upper floors are home to 19 studio offices with four common washrooms including one per floor with shower. Studios iemjoy a/c, hardwood floors and large windows The Studios at Hotel Hamilton are popular among artists, creative industry professionals & entrepreneurs and have traditionally enjoyed a low vacancy rate. NOI $234,000. Phase 1 and 2 Environmental available. An amazing opportunity to own an iconic piece of history and fabulous investment. (id:885)

Courtesy of Judy Marsales Real Estate Ltd.

Property Details

ID #
H4133732
Status
Sale
Type
Other, Commercial Mix
Postal Code
L8R2L2
Building Area
833m2
Amenities
Public Transit
Area Amenities
Public Transit
Cooling Type
Air Conditioned
Heating Type
Forced air
Life Style
Urban
Sewer
Sanitary sewer
Size Frontage
42 ft
Utility Water
Municipal water
Zoning Description
D2 - Downtown Mixed Use Pedestrian Focus

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