$ 1,595,000
759-761 Main Street Moncton, NB E1C1E5
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$ 1,595,000
Est. payment | /mo
6,237 SqFt
$ 1,595,000
Est. payment | /mo
6,237 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,237 sqft
Price per Sqft $255
MLS® Listing ID M161495
Originating Board New Brunswick Real Estate Board
Property Description
The Old Bank is a prestigious Class A building situated at the bustling intersection of Main Street and Church Street in the heart of Downtown Moncton. This prime location, combined with the buildings outstanding features and potential, makes it an exceptional investment opportunity. The property spans two parcels with a site area of 0.117 acres and a net rentable area of 6,237 SF, zoned as Central Business District (CBD). The buildings main level is fully occupied by two long-term restaurant tenants: MK Thai Gourmet (2,000 SF) and Taverna (2,861 SF), ensuring consistent revenue for years to come. Additionally, there is 1,376 SF of vacant office space that presents flexible usage options, including potential conversion into an executive retail space or a residential unit for added value. The property also features a 3,000 SF basement with washrooms, storage, and office space. Public parking garage immediately behind, enhancing convenience for tenants and visitors. The buildings high visibility and excellent signage opportunities further contribute to its attractiveness. Extensive tenant fit-ups have been completed to convert both commercial units into premium restaurant spaces, with expenditures upwards of $1.5 million. Roof was redone in 2024. With its prime location, stable income, versatile opportunities, and premium quality, the Old Bank Building is a highly desirable investment opportunity in the heart of Downtown Moncton. Financials available upon request. (id:24570)
Location
Province NB
Interior
Cooling Central air conditioning, Air Conditioned
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Platinum Atlantic Realty Inc.