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:47421)
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Detailed Information
Equipment
None
Municipal ID
20004073
Ownership Type
Freehold
Property Type
Office
Rental Equipment
None
Structures
None
Transaction Type
For sale
Business
Business Type
Other
Business Subtype
Offices
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
Total Size
0.284 acres
Access Type
Year-round access
Size of Irregular Land
0.284
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