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New property listed in Downtown NW, New Westminster

I have listed a new property at 544 Columbia ST in New Westminster.
A 15,000 SF Heritage Office Building in the Center of New Westminster is now for sale! Built in 1910 originally. In 1953 the upper 2 levels of office space were added. Former CIBC branch on the south side of Columbia St. Building is the city’s heritage. It is possible for redevelopment as long as the front architectural cover of the building is preserved. Ground floor has high ceilings & open layout. Exterior is in very good condition while interior has been newly renovated. Two levels plus one basement building 15,000 SF. Office space is approximately 10,000 square feet. The Basement is approximately 5000 square feet. No parking available. Two strong long term tenants brings approx. $288,000 net income per year. An Excellent holding property with development potential in New Westminster Downtown.

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