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125 Prince William Street “Le Faubourg”, Saint John, NB
$899,000 NEW PRICE $749,000
Ideal candidate for redevelopment! Uptown heritage with many infrastucture upgrades including sprinkers throughout, roof (Nov 2011), some repointing of brick, amost all new windows. New 400 amp 120 volt electrical entrance installed with updated wiring in 2007. Building has been converted to natural gas. Commonly, heritage buildings such as this one in the uptown core are utilized for commercial and business related enterprises. The main floor would typically be devoted to retail with the upper floors being utilized for offices and/or residential. View of Harbour on Water Street side of building.
Gross building area 17,467 square feet.
This block of Prince William Street, between Princess and Duke, has undergone (2014-2015) a complete restoration including street resurfacing, granite curbing, landscaping and decorative lighting. Close to shopping, hotels and cruise ship terminals.
For more information and interior photos click HERE
If you spend any time in uptown Saint John you will surely have come upon the construction on the Duke to Princess block of Prince William Street. I found it an inconvenience at first but quickly adapted my driving habits to avoid that block and I haven’t noticed that the traffic is any heavier on the alternate routes.
This is a significant undertaking by the city and involves some underground infrastructure which I’m sure is needed but what everyone is waiting to see is what the final product looks like above ground. According to the City of Saint John website and artist rendering found there:
“It also includes converting the overhead utilities to underground and full street reconstruction including new roadway granular material, concrete sidewalk, brick paver median, trees, granite curbing, decorative street lighting, and asphalt.”
My commercial real estate clients on that block are anxious to see the dust settle and hope that the short term pain translates into more tenants for vacant space and more investors for property owners looking to sell. The project is scheduled to be completed in October 2014.
For more info on the project click here