287 Kenmount Road
St. John's, NL, A1B3M9
$2,700,000
About the property (MLS: 1268898):
Prime Commercial Property on Kenmount Road, St. John's Discover an unparalleled opportunity to establish your business in the heart of St. John's on close to 5 acres in the bustling commercial district. 287 Kenmount Road, this remarkable property offers: PRIME LOCATION: Situated on one of the most prominent thoroughfares in St. John's, this property enjoys high visibility and accessibility, ensuring maximum exposure for your business. SPACIOUS INTERIORS: Boasting ample square footage, the property provides versatile space perfectly suited for retail, office, or showroom purposes. With expansive floor plans and customizable layouts, your vision can truly come to life. CONVENIENT PARKING: Ease of access is paramount, and this property offers ample parking space for both customers and employees, ensuring a seamless experience for all visitors. SCENIC SURROUNDINGS: Nestled amidst the picturesque landscape of St. John's, the property benefits from its proximity to various amenities, including shopping centers, restaurants, and recreational facilities. ENDLESS POSSIBILITIES: Whether you're looking to expand your business footprint, launch a new venture, or relocate to a thriving commercial hub, this property offers endless possibilities for growth and success. Don't miss out on this rare opportunity to secure your place in St. John's vibrant business community. (id:56688)
Property Details
Listing ID: 26657307
Address: 287 Kenmount Road, St. John's, Newfoundland & Labrador, Canada A1B3M9
Status: Active
Last updated: 7 months ago ( May 24, 2024 )
Year Built: 1970
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Forced air, Propane
Flooring: Mixed Flooring, Concrete Slab
Living Area Total: 5,824 square feet
Price per sq ft: $464
Tax Annual Amount: $29,694
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Forced air, Propane
Flooring: Mixed Flooring, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Other, Retail and Wholesale
Number of photos available: 5
Rurl
Coordinates: [47.550892, -52.775924]
Rooms
Basic Calculator
First Mortgage: $2,160,000
Mortgage insurance premium: $0
Total Financing: $2,160,000
Rough closing fee (1.5%): ~ $40,500
Total downpayment with estimated closing fee: $580,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $6,407 | $76,884 |
| Gross rental income (income/principal ratio) | 0.237% | 2.848% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $3,375 | $40,500 |
| Vacancy | $321 | $3,845 |
| Management Fee | $513 | $6,151 |
| Expense / Income Ratio | 52.68% | 52.68% |
| Cash Flow | $2,200 | $26,400 |
| Net Operating Income (NOI) | $2,200 | $26,400 |
| Capitalization Rate | 0.08% | 0.98% |
