$1,495,000

About this property

Located in the heart of downtown Moncton, 343 St. George Street presents a fully leased commercial investment opportunity comprising approximately 11,432 SF across two levels on three adjoining lots totalling approximately 13,907 SF. The property offers approximately 10,500 SF of leasable area and a strong mix of showroom, warehouse, and office space, providing investors with a well-positioned income-producing asset in one of Monctons evolving downtown commercial districts. The building includes approximately 5,932 SF on the main level and 5,500 SF on the second floor, in addition to a full basement level. Interior features include industrial-inspired office finishes, exposed ceilings, expansive window spans, and strong natural light throughout. Rear on-site parking further enhances functionality for the existing tenancy. Recent capital improvements include replacement of the low roof over the garage in 2023 and replacement of the second-level rear roof in 2024, helping support long-term asset stability and reduced near-term capital requirements. The property is fully leased, with the tenant responsible for operating costs, offering investors stable in-place income and additional recovery potential. Tenancy and financial information is available to qualified purchasers upon execution of a confidentiality agreement. Strategically positioned along St. George Street, the property benefits from excellent connectivity to Main Street, Vaughan Harvey Boulevard, and Wheeler Boulevard, while remaining within walking distance to restaurants, cafés, professional services, and downtown amenities. The surrounding downtown area continues to see ongoing revitalization and investment activity, supporting long-term growth and investor appeal within Monctons urban core. (id:66946)