Exceptional investment opportunity to acquire a fully occupied, extensively updated mixed-use building in the heart of downtown Moncton. This 4,457 SF two-storey property includes two commercial units on the main level and three modern apartments on the second floor. The purchase includes an adjacent lot, providing additional tenant parking with ample street parking nearby. The building boasts 63' of frontage on St. George Street. The first commercial unit is 763 SF and currently operates as a retail/lounge space, while the second unit is 1,675 SF and functions as a lounge/nightclub featuring a wraparound patio. Both commercial spaces have seen significant updates and are equipped with mini-split heat pumps for efficient heating and cooling. The residential units consist of one one-bedroom unit and two two-bedroom units, each featuring modern interiors with wood cabinetry, quartz countertops, appliances, and a four-piece bathroom. All units have electric baseboard heating. Extensive renovations over $450,000 were completed in 2019-2020, including a full interior and exterior rebuild with new siding, windows, doors, and roof. Tenants are currently on year-to-year leases, providing immediate revenue while offering the flexibility for an owner-occupier to convert the space for their own business operations. The SBD zoning allows for a variety of uses, including retail, restaurant, microbrewery, or bed and breakfast. Financial details are available upon execution of an NDA. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Amenities Nearby
Recreation Nearby, Public Transit, Shopping
Features
Corner Site, Visual exposure
Municipal ID
00689190
Property Type
Other
Transaction Type
For sale
Building
Cooling Type
Heat Pump
Exterior Finish
Metal, Stone, Vinyl
Fire Protection
Alarm system
Heating Type
Baseboard heaters, Heat Pump
Total Finished Area
4475 sqft
Land
Total Size
0.13 acres
Amenities
Recreation Nearby, Public Transit, Shopping
Size of Irregular Land
0.13
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
