239 Conception Bay Highway
Conception Bay South, NL, A1W5J8
$669,900
About the property (MLS: 1266399):
Prime opportunity on the Golden Mile as they call it in CBS! The future uses of this building are only limited by your imagination. Commercial Main Street zoning (C-1). The main level of this fantastic building consists of a production area with 10 ft ceilings. There is a 2-piece washroom plus an additional washroom which is being currently used for storage space with fixtures removed. The main entrance opens to a stairway leading to the second level housing the retail showroom and office space. The second level consists of a reception area, showroom, two x 2-piece washrooms, 5 offices, a breakroom with kitchenette, and another room currently utilized for parts storage and storage. The showroom and office space have similar modern finishes and laminate flooring. There are 9ft ceilings throughout the second level. Lighting on the second level is a mixture of residential style lighting in the showroom and fluorescent lighting in the offices. The showroom and offices are in impeccable condition. The production space has a combination of vinyl and concrete flooring with both painted and unpainted gyproc walls and ceilings. 12’x10’ ground level overhead door. (id:56688)
Property Details
Listing ID: 26367068
Address: 239 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1W5J8
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2004
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 4,474 square feet
Price per sq ft: $150
Tax Annual Amount: $4,397
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 25
Rurl
Coordinates: [47.514073, -52.966376]
Rooms
Basic Calculator
First Mortgage: $535,920
Mortgage insurance premium: $0
Total Financing: $535,920
Rough closing fee (1.5%): ~ $10,049
Total downpayment with estimated closing fee: $144,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,922 | $59,064 |
| Gross rental income (income/principal ratio) | 0.735% | 8.817% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $838 | $10,056 |
| Vacancy | $247 | $2,954 |
| Management Fee | $394 | $4,726 |
| Expense / Income Ratio | 17.03% | 17.03% |
| Cash Flow | $3,445 | $41,340 |
| Net Operating Income (NOI) | $3,445 | $41,340 |
| Capitalization Rate | 0.51% | 6.17% |
