136 Crosbie Road
St John's, NL, A1B3K3
$6,200,000
About the property (MLS: 1275806):
THE VIKING Building.. Prime Commercial Building for Sale – Exceptional Business Opportunity! Presenting a rare opportunity to acquire a prestigious commercial building located in one of the most sought-after areas in town. This impressive property boasts four floors of versatile space, perfect for a variety of business ventures. Each floor is approximately 15000 Sqft each. Situated in a high-traffic area, this building enjoys excellent visibility and accessibility, ensuring a steady flow of potential customers and clients. The building spans over four floors, offering ample space for offices, or mixed-use developments. Each floor offers a flexible layout that can be easily customized to suit the specific needs of different businesses. Equipped with modern amenities, including high-speed internet, centralized heating and cooling, and ample parking spaces. Located in a developing area, this property promises strong rental yields and capital appreciation. Whether you're looking to expand your business, invest in a prime property, or start a new venture, this commercial building presents an unparalleled opportunity. (id:56688)
Property Details
Listing ID: 27254969
Address: 136 Crosbie Road, St John's, Newfoundland & Labrador, Canada A1B3K3
Status: Active
Last updated: 2 months ago ( Aug 6, 2024 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 4
Number of Levels: 4
Heating: Heat Pump
Living Area Total: 60,000 square feet
Price per sq ft: $104
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump
Common Interest: Freehold
Business Type: Other, Service
Building Features: Air Conditioning
Number of photos available: 32
Rurl
Coordinates: [47.560554, -52.743203]
Rooms
Basic Calculator
First Mortgage: $4,960,000
Mortgage insurance premium: $0
Total Financing: $4,960,000
Rough closing fee (1.5%): ~ $93,000
Total downpayment with estimated closing fee: $1,333,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $66,000 | $792,000 |
| Gross rental income (income/principal ratio) | 1.065% | 12.774% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $7,750 | $93,000 |
| Vacancy | $3,300 | $39,600 |
| Management Fee | $5,280 | $63,360 |
| Expense / Income Ratio | 11.74% | 11.74% |
| Cash Flow | $49,670 | $596,040 |
| Net Operating Income (NOI) | $49,670 | $596,040 |
| Capitalization Rate | 0.80% | 9.61% |
