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Business For Sale · Office

73 Weldon Street, Moncton

73 Weldon Street, Moncton, NB E1C5V9

$499,900 total

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Asset Class

Office

Size

—

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

98%

Lot Size

0.12627073830080604 ac

About this property

Welcome to 73 Weldon Street in Downtown Moncton. 24hrs notice required for all showings. Attention Investors Duplex or Office Space just minutes from Downtown!! This property is zoned Residential and Commercial and is currently being used as office space but can easily be converted back to a duplex. The main floor is currently used as an office space offering a waiting area with half bath, private office, gym, bonus room and living/rec area (could be 2 bedrooms plus an office unit). The second floor is currently used as office space offering a waiting area, living area, 4 offices, kitchen with access to the patio and full bath (could be 3 bedrooms plus an office unit). The property offers efficient heating and cooling with 4 mini-split heat pumps. Ample parking is available. Roof replaced in 2017 and basement spray foamed in 2018. Exceptional location, walking distance to Downtown and all major amenities including the Avenir Centre, restaurants and steps away from bus stop. This property offers many possibilities and would be a great addition to any portfolio. Dont miss your chance to own this versatile property in a prime location. Call your REALTOR® for more information or to book your private viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$38K

Annual cash flow

$10K

Cash-on-cash

6.61%

DSCR

1.36

Going-in cap

7.52%

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

98,886

Households

40,135

Median income

$104,500

Median age

33.1

Daytime population

150,770

5-yr growth

2.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 73 Weldon 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.