32 PORTUGAL COVE Road
ST JOHN'S, NL, A1B2L9
$299,900
About the property (MLS: 1294020):
STEP INTO A READY-TO-OPERATE BUSINESS THATS A COMMUNITY FAVORITE .RARE OPPORTUNITY TO ACQUIRE A THRIVING,WELL ESTABLISHED CONVENIENCE STORE AND DELI WITH A LOYAL CUSTOMER BASE OR SEIZE A RARE OPPORTUNITY TO ESTABLISH YOUR LOW TRAFFIC ,HIGH VALUE BUSINESS IN A GREAT LOCATION THAT 32 PORTUGAL COVE OFFERS.THIS SITE IS STRATTEGICALLY POSITIONED IN A VERY DESIRABLE NEIGHBOUR HOOD.THE OPEN MAIN FLOOR ALLOWS FOR EASY CUSTOMIZATION TO SUITE YOUR SPECIFIC NEEDS .IDEAL FOR LOW TRAFFIC BUSINESSES SUCH AS BOUTIQUE CLINICS, SMALL PROFESSIONAL SERVICES,SPECIALTY RETAIL QUITE CAFES AND ART STUDIO/GALLARY (id:56688)
Property Details
Listing ID: 29280227
Address: 32 PORTUGAL COVE Road, ST JOHN'S, Newfoundland & Labrador, Canada A1B2L9
Status: Active
Last updated: 7 days ago ( Feb 2, 2026 )
Year Built: 1953
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Heat Pump, Mini-Split
Living Area Total: 1,400 square feet
Price per sq ft: $215
Tax Annual Amount: $5,614
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Mini-Split
Common Interest: Freehold
Business Type: Food Services and Beverage
Building Features: Air Conditioning
Number of photos available: 8
Rurl
Coordinates: [47.578535, -52.710298]
Rooms
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,541 | $18,492 |
| Gross rental income (income/principal ratio) | 0.514% | 6.166% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $78 | $925 |
| Management Fee | $124 | $1,480 |
| Expense / Income Ratio | 24.33% | 24.33% |
| Cash Flow | $966 | $11,592 |
| Net Operating Income (NOI) | $966 | $11,592 |
| Capitalization Rate | 0.32% | 3.87% |
