For sale · MLS® 1296302
148 Duckworth Street
St. John's, NL, A1C1H3
List price
$1,390,000
About this propertyMLS® 1296302
Immersed within the bustling east end of downtown St. John's at prominent and high-visibility corner of Cochrane Street and Duckworth Street, approximate 4,000sf commercial building completely re-built new 2022. Currently, 2,400sf of the building space has been designed for restaurant use and outfitted with professional series kitchen equipment. The existing restaurant space may be expanded to include an additional 1,600sf, which is ready for interior fit-up, or a separate business may be employed within the adjacent suite. Multiple opportunities for consideration. Permitted zoning sues and discretionary uses include restaurant, lounge, craft brewery/distillery, bakery, clinic, retail, convenience store, service, office, health and wellness and training facility. Location and visibility, coupled with traffic and pedestrian exposure, also make the site and building ideal for franchising. (id:56688)
Property details
Coordinates: [47.568876, -52.702628]
Rooms
Basic Calculator
First Mortgage: $1,112,000
Mortgage insurance premium: $0
Total Financing: $1,112,000
Rough closing fee (1.5%): ~ $20,850
Total downpayment with estimated closing fee: $298,850
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,477 | $53,724 |
| Gross rental income (income/principal ratio) | 0.322% | 3.865% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,738 | $20,856 |
| Vacancy | $224 | $2,687 |
| Management Fee | $359 | $4,298 |
| Expense / Income Ratio | 38.82% | 38.82% |
| Cash Flow | $2,157 | $25,884 |
| Net Operating Income (NOI) | $2,157 | $25,884 |
| Capitalization Rate | 0.16% | 1.86% |
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