For sale · MLS® 1300468
26 Union Street
Corner Brook, NL,
List price
$579,000
About this propertyMLS® 1300468
Two-storey commercial building now available, offering incredible flexibility and space for a variety of business uses. The main floor features a spacious 34 x 21 storefront with excellent visibility, along with dedicated office space, a staff lunchroom, storage areas, and two large warehouse sections measuring 26 x 44 and 13 x 70. The warehouse areas offer high ceilings and convenient access to a loading dock, making it ideal for operations requiring shipping or storage. Upstairs, you’ll find five private offices, a staff kitchen, and a washroom - perfect for administrative or professional use. The building is equipped with a 200 amp electrical panel on the upper level, as well as a 100 amp sub-panel on the main floor. With over 5,500 sq. ft. of usable space, this property presents endless potential for investors or business owners looking to expand. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
76 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$6,614 / year
≈ $551 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
16 places shown · OpenStreetMap · OSRM
Schools 5
Health 1
Groceries 4
Cafés 4
Parks 2
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$552/mo
Principal & interest $0 + property tax $552 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-723
NOI / month
$-723
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $552 | $6,614 |
| Expenses | $172 | $2,064 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-723 | $-8,676 |
| NOI | $-723 | $-8,676 |
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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