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Richard Rutkowski

[email protected] +1(905) 876-6660

Listed by Geoffrey Walker • G. Walker Real Estate Inc.

$ 11,300,000

Est. payment -/mo

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1160-1180 Upper James Street Hamilton, ON L9C 3B1

16,843 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 16,843 sqft

Price per Sqft $670

MLS Listing ID 40860458

Abv Grd Liv Area 16,843

Annual Tax Amount $166,692

Lot Size 49299.441 Acres

Acres 114700.0

Property Sub-Type Building and Land

Source Cornerstone

Property Description

A singular opportunity to own the land and buildings of two top restaurant chains. Home to the only Hamilton city site of both Turtle Jack's and The Keg. A previously used and inefficient restaurant was demolished in 2005 and new structure built following the exact specifications of Turtle Jack's. Turtle Jack's is a Muskoka based and themed casual restaurant with locations throughout Ontario. It has greatly prospered in this location now for over 20 years and recently completed a major renovation. This operator is a hard working and savvy restauranteur. But even he would likely admit that part of their success is due to sharing the property with The Keg. One of the most famous high-end restaurant chains in all of Canada, The Keg is the premier destination for good food and special life events. This location has done so well over the years that the owner, then also operator of this Keg, was able to shut down and demolish the existing structure. It was replaced with a brand new facility in 2018, with state of the art technology and efficient design. Both buildings will remain functional well into the future. Its location on Upper James Street is in the midst of the busiest North-South corridor on Hamilton escarpment. It is also the first driveway south of the Lincoln Alexander Parkway, which draws patrons from each end of the Hamilton area and also connects at the east end to the QEW, and at the west end to Highway 403. The 2.6 acre property creates good separation between the restaurants and openly share 214 parking spots. With full net net leases, the property generates a steady return on investment. And with rent escalation clauses built-in to both leases, your returns will increase over the years - as will the value of the property. This is your chance to own the very best.

Location

Province ON

County Hamilton

Area 16 - Hamilton Mountain

Zoning TOC1 exemption 855

Direction West side of Upper James street to first driveway south of Lincoln Alexander Parkway.

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Asphalt, EV Charging, Guest

Lot Frontage 256.0

Lot Depth 445.0

Garage No

Building

Lot Description Rectangular, Airport, Ample Parking, High Traffic Area, Highway Access, Hospital, Major Anchor, Public Transit, Visual Exposure

Faces West side of Upper James street to first driveway south of Lincoln Alexander Parkway.

Story 1

Foundation Slab

Sewer Sewer (Municipal)

Water Municipal

Structure Type Other

New Construction No

Others

Senior Community No

Tax ID 169440452

Ownership Freehold/None

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Richard Rutkowski

License Partner | Broker of Record License ID: HBRUTKORI

+1(905) 876-6660

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