$1,595,000
FOR SALE

Commercial/Retail

759-761 Main Street
Moncton, NB E1C 1E5

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:47421)
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Listed By Platinum Atlantic Realty Inc.
Data Provided By New Brunswick Real Estate Board
MLS® Listing Number M161495
Last Updated Sep 04, 2024
Property Summary
Property Type Commercial/Retail

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Price History

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Detailed Information
Amenities Nearby Public Transit
Equipment None
Location Description From City Hall drive walk west for 150 meters, the building is on the corner of Main and Church street.
Municipal ID 00687830, 00687848
Ownership Type Freehold
Property Type Other
Rental Equipment None
Transaction Type For sale
Zoning Description Central Bu
Building
Cooling Type Central air conditioning, Air Conditioned
Fire Protection Sprinkler System-Fire
Heating Fuel Natural gas
Total Finished Area 7237 sqft
Land
Total Size 1/2 - 1.99 acres
Amenities Public Transit

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