About the property (MLS: 1280654):
PRIME COMMERCIAL/RESIDENTIAL LAND. Extremely rare business or development opportunity in Long Pong, Conception Bay South, Newfoundland. Just minutes to the CBS by-pass highway, this 5.65-acre lot with maximum exposure frontage sits directly across from the Conception Bay Plaza (Sobeys, NLC Liquor, The Source, Dollarama, etc.) and borders Heritage Square Retirement Living. With approximately 3.5-4 acres zoned Commercial Main Street (C-1) and 1.5-2 acres zoned Residential, the possibilities are limitless. Develop ‘as-is’, or ideally rezone to all Commercial for a sizable development project such as a multi-unit residential and retail shopping structure, restaurant, medical clinic or professional office, and so much more. HST, if applicable, as well as fees associated with permits and applications will be the responsibility of the purchaser. Zoning to be verified. (id:56688)
Property Details
Listing ID: 27773161
Address: 373-385 Conception Bay Highway, Conception Bay South, Newfoundland & Labrador, Canada A1X7A2
Status: Active
Last updated: a month ago ( Jan 7, 2025 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Tax Annual Amount: $9,250
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.508951, -52.979033]
Rooms
Basic Calculator
First Mortgage: $959,920
Mortgage insurance premium: $0
Total Financing: $959,920
Rough closing fee (1.5%): ~ $17,999
Total downpayment with estimated closing fee: $257,979
Investment Calculator:
Monthly | Yearly | |
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Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $0 | $0 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | NaN% | NaN% |
Cash Flow | $0 | $0 |
Net Operating Income (NOI) | $0 | $0 |
Capitalization Rate | 0.00% | 0.00% |