Homes for sale - 759-761 Main Street, Moncton, NB E1C1E5

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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$1,495,000

Est. payment - /mo

6,237 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 6,237 sqft

Price per Sqft $239

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

Parking Features No

View Y/N No

Private Pool No

Others

Ownership Freehold

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Listed by Platinum Atlantic Realty Inc.

+1(250) 882-3335

alex@victoriahomes.com

759-761 Main Street Moncton, NB E1C1E5