319 Governors Court

$4,999,000 |   MLS® Number  C8070261

Retail for sale in Fraserview NW, New Westminster, New Westminster, 319 Governors Court, 224975330 | Realtylink.org

Retail for sale

Year Built
1929
Floor Area
47,872 sqft
Lot Size
47,876 sqft
Gross Property Tax
$56,734.47 /year
Building Type
High Tech, Low Rise (2-4 storeys), Office Building
# of Elevators
1
Zoning
C-2
58

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.