18 Harbour View Avenue
St John's, NL, A1A5C9
$799,000
About the property (MLS: 1274592):
Discover an unparalleled business opportunity in the heart of a thriving commercial hub. This well-appointed commercial building is strategically positioned in a highly sought-after area with bustling traffic and great visibility. Close proximity to essential amenities including restaurants, cafes, shops, and public transportation hubs. Convenient access to major highways, ensuring ease of commute for employees and customers alike. Ideal for retail, office space, warehouse or service-oriented businesses looking to capitalize on a vibrant and growing market. This space entails 4000 ft2 Steel Building - 2800ft2 of Warehouse, 1200ft2 of Office space and 1200ft2 of Mezzanine above offices. 20 ft ceiling, 10x12 loading door plus a main entrance door and paved parking. Superior location for your business in the east end of St. John's just off Torbay Rd and close to Stavanger area. Close to Outer Ring Road for east/west servicing. This commercial building presents a rare opportunity to establish or expand your business in a dynamic and rapidly developing area. Whether you're looking to attract local foot traffic or capitalize on traffic flow, this location offers the ideal blend of convenience and exposure. Don't miss out on securing your place in this thriving commercial hotspot. (id:56688)
Property Details
Listing ID: 27199454
Address: 18 Harbour View Avenue, St John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: 2 months ago ( Jul 24, 2024 )
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Living Area Total: 5,200 square feet
Price per sq ft: $154
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring, Concrete Slab
Common Interest: Freehold
Business Type: Automobile, Industrial, Other, Retail and Wholesale
Building Features: Recreation Centre
Number of photos available: 27
Rurl
Coordinates: [47.607054, -52.723404]
Rooms
Basic Calculator
First Mortgage: $639,200
Mortgage insurance premium: $0
Total Financing: $639,200
Rough closing fee (1.5%): ~ $11,985
Total downpayment with estimated closing fee: $171,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,721 | $68,652 |
| Gross rental income (income/principal ratio) | 0.716% | 8.592% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $999 | $11,988 |
| Vacancy | $287 | $3,433 |
| Management Fee | $458 | $5,493 |
| Expense / Income Ratio | 17.46% | 17.46% |
| Cash Flow | $3,979 | $47,748 |
| Net Operating Income (NOI) | $3,979 | $47,748 |
| Capitalization Rate | 0.50% | 5.98% |
