281 St George Bathurst, New Brunswick E2A 1B8
$299,900
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:42550)
Business
| Business Type | Other |
| Business Sub Type | Offices |
Property Details
| MLS® Number | NB114475 |
| Property Type | Office |
| Equipment Type | None |
| Rental Equipment Type | None |
| Structure | None |
Building
| Constructed Date | 1987 |
| Cooling Type | Heat Pump |
| Exterior Finish | Brick |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Heat Pump |
| Total Finished Area | 4196 Sqft |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Size Irregular | 0.284 |
| Size Total | 0.284 Ac |
| Size Total Text | 0.284 Ac |
https://www.realtor.ca/real-estate/28058610/281-st-george-bathurst
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April 10 2025 10:01:31
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