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9 E Bay Street, 00000

$14,500,000
Property Type: Commercial Sale Square Footage: 56,735 Status: Active
Current Price: $14,500,000 List Date: 5/01/2026 Last Modified: 5/12/2026

Description

$14.5 MILLIONOne 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 expireThe 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

Supplements: See English translation under "remarks" in the opening paragraphs above.

More Information MLS# A12011110

Contract Information

Comp Sale YN: No Listing Date: 2026-05-01 Status: Active Original List Price: 14500000 List Price: $14,500,000 Current Price: $14,500,000

Location and Legal

County Or Parish: Other County Parish Name: Other Geographic Area: Other Multiple Offers Accepted: Yes Property Description: 5 Story Office Building of con Country: Bahamas Street Number: 9 Street Direction Prefix: E Street Name: Bay Street Suffix: Street Postal Code: 00000 Area: 5990 - International Zoning: Open Directions: Travel to East Bay Street and immediatly in the front of the entrance to Montague Beach is the entrance to One Montague Place.

General Property Information

Number Of Buildings: 1 Occupant Type: Call Listing Agent Lot Size Area: 63143 Stories Total: 6 Property Sub Type: Office Building Area Main: 56735 Parking Total: 131 Lot Size Acres: 1.45

Currently Not Used

Ownership Type: Corporation

Office/Member Information

DXORIGMLSID: SEF

Electric

110 Volts: 1

Flooring

Concrete: 1

Parking Features

Common: 1

Property Condition

New Construction: 1

Short Sale Details

Lender Approval: Approved Short Sale Addendum: No

Special Listing Conditions

Real Estate Owned: 1

Documents Available

Appraisal: 1 Books & Records: 1 Contracts: 1 Copy Of Lease(s): 1 Deed: 1 Photos: 1 Rent Rolls: 1 Site Plans: 1

Meter Information

Number Of Meters Total: 3444

Structure Type

Office: 1

Tenant Pays

Electricity: 1 Fire Liability Insurance: 1 Inside Insurance: 1 Insurance: 1 Interior Electric: 1 Maintenance: 1 Management: 1 Trash Collection: 1 Water: 1

Location of Property

Beach Access: 1 City Location: 1

Possession

Before Closing: 1

Sewer

Public Sewer: 1

Special Information

Foreign Seller: 1 Corporate Owned: 1

Zoning Information

Use Conforms To Zoning: 1

Building and Property Details

# Of Offices: 8 # Of Tenants: 4 Door Height: 10-12' Year Of Addition: 2001

Building Features

Elevator(s): 1 Lobby: 1 Reception Area: 1 Separate Office Area: 1

Ceiling

Suspended: 1

Common Area Maintenance Includes

Exterior Electric: 1 Fire Liability Insurance: 1 Inside Insurance: 1 Interior Electric: 1 Real Estate Tax: 1

Sale Includes

Building: 1 Fixtures: 1 Land: 1 Leases: 1 Machinery: 1 Signs: 1

Construction Materials

Block: 1

Listing Terms

Cash: 1 Conventional: 1

Road Frontage Type

City Street: 1

Roof

Metal: 1

Security Features

Security Fence: 1 Other: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 1025667 Inc/Exp Statement Period: 12 Other Income: 5000 Vacancy Allowance Rate: 0 Occupancy Percentage: 100 Gross Scheduled Income: 1025667 Net Operating Income: 751 Other Expense: 279280 Trash Expense: 3760

Source Of Expenses

Books: 1

Cooling

Central Building: 1

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Acreage Description

1 To Less Than 2 Acre Lot: 1

Financial Information

Tax Annual Amount: 125386 Tax Year: 2025 Tax Legal Description: 1.45 acres of land and 5 Story Office Building

Status Change Information

Major Change Timestamp: 2026-05-01T04:00:00Z Major Change Type: New Listing Status Change Date: 2026-05-01

Originating Details

Originating System Key: 460865872 Originating System ID: M00000151

Property Features

Building Features: Elevator(s); Lobby; Reception Area; Separate Office Area Ceiling: Suspended Common Area Maintenance Includes: Exterior Electric; Fire Liability Insurance; Inside Insurance; Interior Electric; Real Estate Tax Documents Available: Appraisal; Books & Records; Contracts; Copy Of Lease(s); Deed; Rent Rolls; Site Plans Electric: 110 Volts Flooring: Concrete Location of Property: Beach Access; City Location Parking Features: Common Possession: Before Closing Property Condition: New Construction Sale Includes: Building; Fixtures; Land; Leases; Machinery; Signs Special Listing Conditions: Real Estate Owned Zoning Information: Use Conforms To Zoning Source Of Expenses: Books Tenant Pays: Electricity; Fire Liability Insurance; Inside Insurance; Insurance; Interior Electric; Maintenance; Management; Trash Collection; Water Construction Materials: Block Cooling: Central Building Listing Terms: Cash; Conventional Road Frontage Type: City Street Roof: Metal Security Features: Security Fence; Other Sewer: Public Sewer Special Information: Foreign Seller; Corporate Owned Structure Type: Office Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Acreage Description: 1 To Less Than 2 Acre Lot
Listing Office: The Keyes Company
Last Updated: May - 12 - 2026
9 E Bay Street, 00000- MLS# A12011110
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