Property Description for 319 GOVERNORS COURT
A Landmark Opportunity in New Westminster! Own a piece of local history with the iconic "Landmark Building,"formerly the BC Penitentiary. Situated on a 47,876 SF (1.1-acre) C-2 zoned lot, this ±11,522 SF heritage building offers exceptional potential for future mixed-use redevelopment, including ground-floor retail or daycare with residential above (verify with City). The building is partly tenanted with the upper level leased and the lower level home to a fully licensed restaurant (134 indoor seats + 160 patio seats). Modern upgrades completed in 1989 include mechanical, electrical, and full sprinkler systems'move-in ready with no major capital expenses required. Over 40 on-site parking stalls with possible room for expansion. This is a rare opportunity to secure a trophy asset with strong holding income, future upside, and undeniable character. A true gem for investors or visionary developers. Private viewings by appointment only. Please contact listing agent for details. (id:38686)
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Property Details
Property Tax
: $56,734 (2024)MLS® #
: C8070261
Property Features
Property Type
: CommercialSquare Footage
: 47,872 SQFT
Exterior Features
Acreage
: 1.10
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