For sale · MLS® 1294623
1 Pennywell Road
St. John's, NL, A1C2K8
List price
$255,900
About this propertyMLS® 1294623
Welcome to 1 Pennywell Road! A listing which offers an investor the opportunity to embark on various business possibilities. This unique commercial listing is centrally Located in a prime area, with easy access to the downtown core and the rest of the city. It's perfectly situated to house almost any form of business venture. This great property presents an outstanding opportunity to own a versatile space that offers potential for both retail and warehouse spaces, or potential conversion into residential living for 3 sizable units (pending city approval), with separate entrances, and off street parking. Currently offering approximately 775 sqft of store frontage, 1103 sqft of office space, and over 1387 sqft of warehouse & storage space with off street parking and a designated loading zone, this versatile 4-level building is truly is a diamond in the rough, for any business looking to establish themselves as a focal point in the center of the city. The main entrance opens into a storefront set-up on the main floor, with a lunch room and bathroom. Upstairs you'll find ten foot ceilings, with four established offices and a large boardroom. Downstairs you'll find a mix between wide-open warehouse space, and storage/cold storage. This property is tailor made for any storefront with a requirement for office space with storage, or could be converted into multiple residential units. This property is vacant and available for a quick closing. (id:56688)
Property details
Coordinates: [47.563535, -52.717076]
Rooms
Basic Calculator
First Mortgage: $204,720
Mortgage insurance premium: $0
Total Financing: $204,720
Rough closing fee (1.5%): ~ $3,839
Total downpayment with estimated closing fee: $55,019
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,638 | $43,656 |
| Gross rental income (income/principal ratio) | 1.422% | 17.060% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $320 | $3,840 |
| Vacancy | $182 | $2,183 |
| Management Fee | $292 | $3,493 |
| Expense / Income Ratio | 8.80% | 8.80% |
| Cash Flow | $2,846 | $34,152 |
| Net Operating Income (NOI) | $2,846 | $34,152 |
| Capitalization Rate | 1.11% | 13.35% |
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