$ 2,390,000

229 Lutz, Moncton, NB, E1C 5G2

Listing ID# M110246
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$ 2,390,000

  • 229 Lutz
    Moncton, NB E1C 5G2
  • Listing ID M110246
  • Building type: Business
  • Land size: 36000 sqft|1/2 - 1 acre
  • Status: For Sale/Active
  • Rooms: 0

Property Description

This property consist of 9 PID's all connected together in the heart of downtown Moncton. There's a good variety of rental properties: such as, commercial spaces. multi unit apartment buildings, single dwelling, vacant land and duplexes (approximately 28 units total). You also get upwards of 54 parking spots, which only a fraction of them are used by the tenants, so there's great potential for renting extra spots. Current yearly income for the whole block is approx $232,000. The buildings have been well maintained and updated throughout the years and the tenant base is mostly mature working class people. The commercial building is very diverse with a hair/nail salon, aesthetics, lawyer, and massage therapist. Rental history is excellent for all the properties. Don't miss this unique opportunity to own a block with 2 street corners and 3 street facades in a fast growing city! This group of properties is just a short walk from the new event center and all the downtown amenities. nightlife, restaurants etc.

Listing courtesy of Royal LePage Atlantic

1201 Mountain Road, Moncton, NB
1201 Mountain Road
Listing courtesy of RE/MAX AVANTE
  • 26400 sq ft
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