Fantastic redevelopment opportunity Listing Details & Market Data

493 King Street unfolds as a microcosm of Bridgewater's rich history and contemporary vitality. As you traverse this address, the distinct architecture tells tales of eras long past, with ornate details that showcase the craftsmanship of a bygone time. The streetscape, a harmonious blend of tradition and modernity, mirrors the town's journey through the ages. The charm of the location extends beyond the facades. Step inside the local establishments that line the street, and you'll discover a kaleidoscope of offerings. From artisanal boutiques displaying handcrafted treasures to cozy eateries serving up delectable treats, every storefront adds a layer to the sensory mosaic of 493 King Street. The community spirit thrives here, evident in the friendly exchanges between neighbors and the shared moments of laughter echoing through the air. The street, like a cultural artery, pulses with life, connecting residents and visitors alike to the beating heart of Bridgewater. In every season, 493 King Street dons a different persona. Blooms adorn the sidewalk in spring, creating a floral tableau, while autumn casts a warm, golden hue on the historic structures. Regardless of when you find yourself here, the address remains a testament to Bridgewater's resilience, celebrating its roots while embracing the present with open arms.This fantastic redevelopment opportunity is positioned to consist of 1,163 sf of ground floor commercial space combined with13 residential units. This corner lot with convenient parking would make an excellent owner occupier site or pure investment. With views of the LaHave River from the 4 storey redevelopment, many of the occupants will enjoy not only river views, but the convenience of walkable amenities along Kings Street. There are endless possibilities for the future redevelopment, but some features include a rooftop patio amenity space for use by all tenants, a mix of one and two bedroom residential units, and the use of wood framed construction to reduce the overall cost of construction. Detailed architectural plans are available via separate download on the Avison Young Website. Note: The Project Appraisal available for download suggests an as completed value of $3,120,000, however we believe residential rental rates have increased since the report was issued, so we have readjusted for these increases.