SOLD
400 Main Street, Saint John NB
Commercial Redevelopment Opportunity 160,000+/- s.f. building, situated on 3.2 acres…
Sale
$3,100,000.00
Atlantic Canada’s Commercial Real Estate Advisors
Atlantic Canada’s Commercial Real Estate Advisors
1 Magazine Hill, Saint John NB
1 Magazine St, Saint John, NB E2K 5S9, Canada
Sale
$2,000,000.00
Description
Beautiful and Well Tenanted Investment Property
Located on Magazine Street just north of the city centre, this attractive brick building known as “The Jaquelin Premises” was completed in 2004 and overlooks the Saint John Harbour and Fort LaTour. The building is 100% occupied. Tenants include the Province of New Brunswick, several doctor’s offices and a tenant in the financial sector. A great opportunity to own a beautifully designed and well cared for investment property with a solid return on investment.
The building sits on 1.13 acres of land and was designed to be expanded either with an addition to the side and/or an additional (4th) floor added. Architectural drawings available of possible expansions.
Contact listing agents to request financials.
Pricing Breakdown:
- 1 MAGAZINE STREET: $2,000,000
- CAP Rate 1 Magazine Street only: 7.35%
Additional Details
- PIDs: 55162846
- Building Footprint: 3,972 sq ft including exterior walls
- Number of Floors: 3
- Gross Leaseable Area (GLA): 9,490 sq ft
- Construction: Steel/concrete/brick
- Siding: Brick/steel
- Foundation: ICF
- Elevaor: Thyssen Krupp
- Roof: Two ply modified bitumen membrane roof
- HVAC: 3 electric heat pumps provide heating and cooling. 1 for each floor
- Parking: On-site paved surface parking with additional spots across the street
- Evnironmental Reports: Available
- Lot Surveys: Available
- Mechanical/Electrical/Structural Drawings: Available
- Zoning: General commercial with provision that it must be office use only
Property on Map
Similar Properties
.
SOLD
SOLD
SOLD
SOLD
90 Paradise Row, Saint John NB
A redevelopment of the property was completed in 2019...
Sale
$1,150,000.00
