281 St George, Bathurst

Located in the heart of Downtown Bathursts recognized Business Improvement Area (BIA), this 3-storey commercial building offers 4,196 sqft of space with a blend of character and potential. Featuring a new flat roof (Spring 2023), a new heat pump in the top-floor office (Summer 2023), spray foam insulated basement, and its own on-site parking lotthis property is a rare find. Full of charm, it includes a semi-circle staircase connecting all three floors and a historic bank vault in the basement. With roots tracing back to approximately 1847, the building was rebuilt after fires in 1923 and again in 1987. An independent appraisal completed in Summer 2023 places its current value at $341,000 with a projected post-renovation value of up to $982,000 if developed into high-end office space. A unique opportunity to own a landmark property with strong potential for future growth. Disclosure - Seller is a Licensed REALTOR® in New Brunswick. (id:6289)

Essential Information

Listing #NB114475

Price$299,900

Bathrooms0.00

Acres0.28

Year Built1987

TypeOffice

Sub-TypeFreehold

Community Information

Address281 St George

CityBathurst

ProvinceNew Brunswick

Postal CodeE2A1B8

Interior

CoolingHeat Pump

Heating

Electric Baseboard heaters, Heat Pump

Exterior

ExteriorBrick

Listing Details

OfficeKeller Williams Capital Realty