Investment Commercial Building for Sale

MLS# H4133732 Price: $4,600,000



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.

What's your Walk Score? 95 Walker's Paradise

What's your Transit Score? 83 Excellent Transit

Property Details: 197 James Street N (near James St.N./Mulberry )
Listing# 3379


Location

Address 197 James Street N
City Hamilton
Cross Streets James St.N./Mulberry
District Hamilton West (10)
Neighbourhood Strathcona (102)
Listing Agent Elizabeth Parker

Description

Sub Type Investment Price $ 4,600,000
Lease Rate Per For Sale Approx. Age 100+ Years
Location Hamilton Heating Gas Forced Air Closed
Square Footage 8970

Listing Agent

Elizabeth Parker - Sales Representative

Elizabeth Parker
Sales Representative

Westdale Office

Quick Contact


Notice! Information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy we regret that we cannot guarantee it. All information subject to change and/or withdrawal without notice.