Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type Asset

MLS Listing ID C8076372

Year Built 1878

Lot Size 1.100 Acres

Property Sub-Type Retail

Property Description

Foreclosure alert! Own a true piece of New Westminster history! The iconic "Landmark Building, " formerly part of the historic BC Penitentiary, offers a rare opportunity to secure a one-of-a-kind trophy property. Situated on a 47,876 SF (1.1-acre) C-2 zoned lot, this ±11,522 SF heritage building presents exciting future redevelopment potential (verify with City), including possible mixed-use with retail or daycare at street level and office units above. Currently generating solid holding income with upper-level tenants in place and a fully licensed restaurant below featuring 134 indoor seats plus a 160-seat patio. Extensive upgrades (mechanical, electrical, and full sprinkler systems) were completed in 1989. Over 40 on-site parking stalls with potential for expansion. A unique investment opportunity blending historic character, stable income, and long-term upside. Private viewings by appointment only.

Location

Province BC

Community Fraserview Nw

Area New Westminster

Zoning C-2

Building

Sewer Public Sewer

Water Public

Others

Ownership Freehold

319 Governors CT New Westminster, BC V3L 5S5

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Nader Bakhoum, PMP, P.Eng.

Key Details

Location

Building

Others

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319 Governors CT