NB
Moncton
E1C1E5
759-761 Main Street
759-761 Main Street, Moncton, NB E1C1E5
Listing Type
Single Family
Listing Status
active
27
$1,495,000

Home Details for 759-761 Main Street

Price
$1,495,000
Type
Residential
Bedrooms
0
Bathrooms
0.0
Square feet
6237
Lot size acres
1/2 - 1.99 acres
Parking
Days on site
168
Listing #
27255909
Listing courtesy: Platinum Atlantic Realty Inc.
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:31684)

Property Features
  • House Interior
    • Lighting
    • Wheelchair access
    • Window display
  • Cooling Information
    • Central Air
  • Heating Information
    • Natural Gas
  • Fire Place
    • False
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EXIT REALTY ASSOCIATES
260 Champlain St, Dieppe, NB E1A 1P3
Office
506-382-3948
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