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$449,900 total
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Asset Class
Specialty
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
98%
Lot Size
0.01927420271519153 ac
Step into the charm and character of the Flat Iron Building - a historic, well-known Downtown Moncton building, perfectly positioned in a high-traffic business location! This unique property offers an exciting opportunity for entrepreneurs, investors, and businesses looking to make their mark in the heart of Downtown Moncton. The main and second floors feature bright, open-concept spaces that can easily be customized to suit a wide range of business needs. Both floors feature large windows that bring in plenty of natural light, while bathrooms and convenient mini-split heat pumps add comfort and functionality throughout. And theres even more potential downstairs! The basement features an Airbnb unit in the grandfathered-in residential level, offering an excellent opportunity for additional income and making this property even more versatile. Whether you're envisioning a vibrant retail space, professional offices, creative studio, or another exciting venture, this downtown property is ready for its next chapter. Walking distance to the Avenir Centre, grocery stores, shopping, restaurants, and Riverfront Park, this location is convenient to MANY amenities. Contact your REALTOR® today to schedule a showing! (id:66811)
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Monthly debt service
$2K
Projected NOI
$35K
Annual cash flow
$10K
Cash-on-cash
7.76%
DSCR
1.42
Going-in cap
7.87%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
110,811
Households
43,469
Median income
$104,500
Median age
33
Daytime population
168,541
5-yr growth
1.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 897-901 Main Street, Moncton.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.