About this propertyMLS® 1293315
Nestled in the vibrant town of Grand Falls-Windsor, Newfoundland, this commercial property at 22 Lincoln Rd sits at the heart of a welcoming community known for its scenic river valley, friendly neighborhoods, and a steady flow of local shoppers and travelers along the nearby highway. Grand Falls-Windsor offers a blend of small-town charm and practical amenities, including schools, healthcare, shopping, and recreational facilities, all within a short drive of this high-visibility storefront. The town’s diverse population supports a range of services and culinary concepts, from casual dining to takeout, and the existing turnkey kitchen on this property—featuring a 24-foot range hood, multiple cooking stations, and two upgraded cold-storage units (2016)—presents an attractive opportunity for a chef or entrepreneur to establish a repeat customer base. A strong sense of community is evident in local events, markets, and the region’s hospitality, which can be a solid foundation for a new venture. The building itself benefits from ample front parking, a rear garage, and a basement suitable for storage or potential living space, complemented by electric heat and a modern 600-amp service installed in 2016. With its strategic location on a main street, close proximity to the highway, and the potential to reopen as a restaurant or repurpose for a culinary-focused concept, this property is well-positioned to attract both locals and visitors seeking convenient, accessible dining options in a welcoming Newfoundland town. (id:56688)
Property details
Coordinates: [48.943714, -55.666097]
Rooms
Basic Calculator
First Mortgage: $176,800
Mortgage insurance premium: $0
Total Financing: $176,800
Rough closing fee (1.5%): ~ $3,315
Total downpayment with estimated closing fee: $47,515
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,087 | $37,044 |
| Gross rental income (income/principal ratio) | 1.397% | 16.762% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $277 | $3,324 |
| Vacancy | $155 | $1,853 |
| Management Fee | $247 | $2,964 |
| Expense / Income Ratio | 8.97% | 8.97% |
| Cash Flow | $2,409 | $28,908 |
| Net Operating Income (NOI) | $2,409 | $28,908 |
| Capitalization Rate | 1.09% | 13.08% |
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