655 Conception Bay Highway
Conception Bay South, NL, A1w3G7
$1,250,000
About the property (MLS: 1267105):
Discover an exceptional property meticulously maintained to provide top-notch facilities for your business in a heavily trafficed area of Conception Bay South. Perfect for a variety of enterprises, this building boasts 10,000 square feet of space, strategically divided into warehouse and storefront sections. The retail/showroom area spans 6,000 square feet complete with plenty of shelving, 9.5-foot high ceilings, a cashier counter, and a public washroom. The warehouse space features 16-foot ceiling height, equipped with both dock and grade-level loading doors, plenty of racking, lunch and bathroom for staff and a managers office. The also yard space for additional storage if needed. The building is powered by a 3-phase 600 amp electrical service, heated by oil-fired radiant heat in the floors, and has air conditioning unit for warm weather. If you are looking to start or grow your business this would be an ideal location. (id:56688)
Property Details
Listing ID: 26429934
Address: 655 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1w3G7
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 2005
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Heating: Radiant heat, Oil
Living Area Total: 10,000 square feet
Price per sq ft: $125
Tax Annual Amount: $9,400
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Radiant heat, Oil
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Industrial, Other, Retail and Wholesale
Building Features: Air Conditioning
Number of photos available: 2
Rurl
Coordinates: [47.504476, -53.008007]
Rooms
Basic Calculator
First Mortgage: $1,000,000
Mortgage insurance premium: $0
Total Financing: $1,000,000
Rough closing fee (1.5%): ~ $18,750
Total downpayment with estimated closing fee: $268,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $11,000 | $132,000 |
| Gross rental income (income/principal ratio) | 0.880% | 10.560% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,563 | $18,756 |
| Vacancy | $550 | $6,600 |
| Management Fee | $880 | $10,560 |
| Expense / Income Ratio | 14.21% | 14.21% |
| Cash Flow | $8,007 | $96,084 |
| Net Operating Income (NOI) | $8,007 | $96,084 |
| Capitalization Rate | 0.64% | 7.69% |
