About the property (MLS: 1282071):
Retail & office building for sale.4742 sq. ft.Previously occupied by Lawton's Drugs on the main floor .There is one additional floor of office space ( equivalent square footage of 4742 sq. ft. ) which is currently leased to Eastern Health and used for doctor's offices & clinic.Main Floor asking rate is $14.00 sq. ft N3.with the top floor (3rd.) available at $ 13.00 sq. ft. N3 Landlord is open to discussing fitup costs and financing options . There are 49 parking spaces on a first come first serve basis. Main & third floors have been just painted. (id:56688)
Property Details
Listing ID: 27981981
Address: 35 Campbell Avenue, St. John's, Newfoundland & Labrador, Canada A1E2Z3
Status: Active
Last updated: 8 days ago ( Jul 7, 2025 )
Year Built: 1990
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Living Area Total: 14,226 square feet
Price per sq ft: $141
Tax Annual Amount: $31,800
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Radiant heat, Electric
Flooring: Carpeted, Other, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Service
Building Features: Air Conditioning
Number of photos available: 21
Rurl
Coordinates: [47.554277, -52.725481]
Rooms
Basic Calculator
First Mortgage: $1,600,000
Mortgage insurance premium: $0
Total Financing: $1,600,000
Rough closing fee (1.5%): ~ $30,000
Total downpayment with estimated closing fee: $430,000
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $15,649 | $187,788 |
Gross rental income (income/principal ratio) | 0.782% | 9.389% |
Mortgage | $0 | $0 |
Monthly Expenses | $2,500 | $30,000 |
Vacancy | $783 | $9,390 |
Management Fee | $1,252 | $15,024 |
Expense / Income Ratio | 15.98% | 15.98% |
Cash Flow | $11,115 | $133,380 |
Net Operating Income (NOI) | $11,115 | $133,380 |
Capitalization Rate | 0.56% | 6.67% |