319 GOVERNORS COURT, New Westminster

About This Property

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. (id:65271)

Full Listing Specifications

MLS® Number

C8076372

Property Type

Retail

Bedrooms

0

Bathrooms

0

Lot Size

47,876 sqft

Annual Taxes

$66,762

City

New Westminster

Postal Code

V3L5S5

Neighbourhood Insight