343 St. George Street — Moncton, New Brunswick

Located along St. George Street in downtown Moncton, 343 George Street presents a versatile commercial investment opportunity offering approximately 11,432 SF of gross building area across two levels. Situated on three adjoining lots totalling approximately 13,907 SF, the property features a flexible layout suitable for a range of commercial uses. The building has historically accommodated showroom, warehouse, and office space users. The building includes approximately 5,932 SF on the main level and 5,500 SF on the second level, as well as a full basement, with adaptable interior configurations and rear parking. Interior features include industrial-style office space, high exposed ceilings, large window spans, and strong natural light throughout. Recent capital improvements include replacing the low roof over the garage in 2023 and the second-level roof at the rear of the building in 2024. The property is currently tenanted, with the tenant responsible for operating costs, offering purchasers an income-producing asset with additional recovery income available. Tenancy and financial details are available to qualified purchasers upon execution of an NDA. St. George Street is a key downtown artery with a diverse mix of commercial, residential, retail, restaurant, and service-based uses, and has recently seen renewed activity with new businesses emerging along the corridor. The City of Moncton has identified St. George Street as an important corridor for future improvement, with a focus on densification and enhanced active transportation options. The property also benefits from convenient access to public transit, with Codiac Transpo service available along the route. (id:63357)