56,735 SqFt
56,735 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 56,735 sqft
Price per Sqft $255
MLS Listing ID A12011110
HOA Y/N No
Annual Tax Amount $125,386
Tax Year 2025
Lot Size 1.450 Acres
Acres 1.45
Lot Dimensions 140
Property Sub-Type Office
Property Description
One Montague Place, is a Class B Five (5) story fully leased Office Building situate on a prime location, East Bay Street, Nassau, Bahamas, 100 yards from the ocean. It sits on 1.45 acres or 63,143 sq ft (5,866 m^2) of land, on which the gross building area (GBA) is 56,735 sq ft and has a gross leasable area of 37,076 sq ft (3,444 M2).
It was constructed in 2001 and although greater than 15 years old, it is in good condition, thus fits into Class B.
Most leases have 2 to 3 yrs remaining. Embassy of Brazil is renewing this year for another 5 yrs. And most if not all of the govt leases will most likely renew for 3 to 4 yrs when they expire
The Bahamas economy is healthy and benefits from close proximity to the United States and at its closest point is 53 miles from Bimini to Palm Beach. Its politically stable and is a democracy. Its principal economic drivers are Tourism (over 10 million in 2025 and growing), and Banking and Financial Services.
Currently there are $3 billion of foreign investments awaiting Government approval.
Property 56,735 SF (GBA) Office Building
One Montague Place East Bay Street Nassau, Bahamas
Physical Data
Total Land 1.45 Acre (63,143 SF)
Year of Construction 2001
Gross Building Area (GBA) 56,735 SF
Gross Leasable Area (GLA) 37,076 SF
Land to Building Ratio 1.11:1
Floor Area Ratio 0.90:1
Zoning Classification is open
Location
County Other
Area 5990 Global Outside Us
Direction Travel to East Bay Street and immediatly in the front of the entrance to Montague Beach is the entrance to One Montague Place.
Interior
Cooling Central Air
Flooring Concrete
Window Features Impact Glass
Exterior
Waterfront Description Ocean Front
Roof Type Metal
Total Parking Spaces 131
Private Pool Yes
Building
Story 5
Sewer Public Sewer
Water Public
Structure Type Block
Others
Restrictions Zoning Restrictions
Ownership Corporation
Security Features Fenced,Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Real Estate Owned, Corporate Listing
Virtual Tour https://www.dropbox.com/scl/fi/8h52u3ewxtymqabogqvsv/One-Montague-Keyes.mp4?rlkey=g6gzrg5723kpc0d2ue4967g4f&st=zk7viq7f&dl=0
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