For sale · MLS® 1298864
105 Laurel Road
Gander, NL, A1V0A9
List price
$4,100,000
About this propertyMLS® 1298864
Welcome to 105 Laurel Road in Gander! This prime piece of commercial real estate is the ideal spot for a dealership, marine shop, or outdoor showroom. With visibility from Laurel Road, Cooper Boulevard and Airport Boulevard, you'll be visible from three busy directions, and with just over three acres of land and a 15,000 sq. ft. building, you'll have all the room you need. Built in 2008, this single-storey prefabricated steel-framed building combines practical design with a functional layout. Designed with business in mind, this building offers four sales offices in the showroom, plus two private managerial-style offices, and a bright, spacious waiting area to keep customers comfortable. Beyond the showroom, endless space for your administrative team, as well as a board room for training, and a staff kitchen. In the back, the fully equipped service garage is built to handle serious volume and keep operations running smoothly. With ten vehicle lifts, four oversized bay doors for easy access, a dedicated computer station for diagnostics, and a large parts room with additional storage upstairs, everything you need to run a high-performing service department is already in place. Built on a poured concrete foundation with slab on grade, the property features 600-amp service, an oil-fired hot air furnace system, and electric baseboard heat in reception, office, and washroom areas. With dual commercial zoning, this space offers the flexibility to bring just about any vision to life. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
133 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Climate
Jan -3° · Jul 22°
normal daily high · GANDER INT'L A station · 1991–2020
Nearby & drive routes
12 places shown · OpenStreetMap · OSRM
Schools 3
Health 1
Groceries 4
Cafés 4
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-5,125
NOI / month
$-5,125
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $5,125 | $61,500 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-5,125 | $-61,500 |
| NOI | $-5,125 | $-61,500 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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