148 Duckworth Street
St. John's, NL, A1C1H3
$1,575,000
About the property (MLS: 1275116):
Immersed within the bustling east end of downtown St. John's at prominent and high-visibility corner of Cochrane Street and Duckworth Street, approximate 4,000 sf. commercial building completely re-built new 2022. Currently, 2,400 sf of the building space has been designed for restaurant use and outfitted with new professional series kitchen equipment. The existing restaurant space may be expanded to include an additional 1,600 sf, which is ready for interior fit-up, or a separate business may be employed within the adjacent suite. Multiple opportunities for consideration. Permitted zoning uses and discretionary uses include, restaurant, lounge, craft brewery/distillery, bakery, clinic, retail, convenience store, service, office, health and wellness and training facility. Location and visibility, coupled with traffic and pedestrian exposure, also make the site and building ideal for franchising. (id:56688)
Property Details
Listing ID: 27192264
Address: 148 Duckworth Street, St. John's, Newfoundland & Labrador, Canada A1C1H3
Status: Active
Last updated: 2 months ago ( Jul 19, 2024 )
Year Built: 2022
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
View: View
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Concrete Slab
Living Area Total: 4,070 square feet
Price per sq ft: $387
Tax Annual Amount: $10,789
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Concrete Slab
Common Interest: Freehold
Business Type: Other, Restaurant, Retail and Wholesale, Arts and Entertainment
Number of photos available: 19
Rurl
Coordinates: [47.568926, -52.702599]
Rooms
Basic Calculator
First Mortgage: $1,260,000
Mortgage insurance premium: $0
Total Financing: $1,260,000
Rough closing fee (1.5%): ~ $23,625
Total downpayment with estimated closing fee: $338,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,477 | $53,724 |
| Gross rental income (income/principal ratio) | 0.284% | 3.411% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,969 | $23,628 |
| Vacancy | $224 | $2,687 |
| Management Fee | $359 | $4,298 |
| Expense / Income Ratio | 43.98% | 43.98% |
| Cash Flow | $1,926 | $23,112 |
| Net Operating Income (NOI) | $1,926 | $23,112 |
| Capitalization Rate | 0.12% | 1.47% |
