MLS®: NB140377 Type: Vacant Land Ownership: Freehold Lot Size: 0.16 ac Postal Code: E2L0C1

Brokerage: Colliers International New Brunswick Agent: Christine Stanley

Rare waterfront redevelopment opportunity located in the heart of Uptown Saint John. 221-223 Water Street offers a high-profile ±0.16 acre site directly adjacent to the Marco Polo Cruise Terminal, within one of the citys most active tourism and pedestrian-oriented districts. Positioned at the corner of Water Street and Prince William Street, the property benefits from dual street frontage, exceptional visibility, and flexible Uptown Commercial (CU) zoning supporting a wide range of mixed-use redevelopment opportunities. Located within Saint Johns Uptown core, the site is surrounded by restaurants, hotels, entertainment venues, office buildings, and cultural attractions, while also being in close proximity to the transformational Fundy Quay waterfront development. The property also benefits from inclusion within the Uptown Parking Exemption Area, allowing future development flexibility without mandatory on-site parking requirements. Because of the combination of; Waterfront positioning, Flexible mixed-use CU zoning, Exemption available for mandatory on-site parking, Property is not located within the Heritage Zone, Strong tourism and pedestrian exposure, Intensification-supportive municipal policy, and Limited supply of comparable redevelopment sites within the Uptown waterfront, the property presents a compelling opportunity for developers, investors, hospitality groups, and owner-occupiers seeking a strategic urban waterfront location with long-term redevelopment potential. Potential uses may include: Mixed-use and residential development, Hospitality and tourism-oriented concepts, Restaurants, bars and entertainment uses, Retail and commercial services, Professional office and medical uses, Cultural and institutional uses. This is a rare opportunity to acquire a highly visible redevelopment site within one of Atlantic Canadas evolving downtown waterfront markets. (29946339)