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Main Photo: 759-761 Main Street in Moncton: Other for sale : MLS®# M161495
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Status:
Active
Prop. Type:
Other
MLS® Num:
M161495
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:2493)
Property Type:
Other
Common Interest:
Freehold
Total Living Area:
6,237 sq. ft.
Finished Area Above Grade:
7,237 sq. ft.
Zoning:
Central Bu
Taxes:
$48,381 / -
Security Features:
Sprinkler System-Fire
Cooling:
Central air conditioning, Air Conditioned
Fireplace:
No
Heating:
Natural gas
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Listed by Platinum Atlantic Realty Inc.
Data was last updated November 14, 2024 at 12:45 PM (UTC)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.