281 St George

About this residence

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:61366)