For Sale · Specialty

897-901 Main Street, Moncton

897-901 Main Street, Moncton, NB E1C1G5

$449,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Lot Size

0.01927420271519153 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 897-901 Main Street, Moncton.

NDA required
  • 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.