For sale · MLS® 1301910
3 Bayview Street
Fortune, NL, A0E1P0
List price
$325,000
About this propertyMLS® 1301910
Great investment opportunity in the heart of Fortune NL. This 4,294 sq. ft. commercial building features a strong combination of established rental income and owner-operator business potential, making it an ideal opportunity for investors, entrepreneurs, or anyone looking to diversify their portfolio. The front portion of the building is leased to Canada Post, providing dependable rental income through an existing 4-year lease, with an option to renew for an additional 10 years. Having a nationally recognized tenant offers stability and peace of mind for years to come. There is a tax preparation business currently in the building that is also for sale in addition to this listing if interested in purchasing both. Beyond its current use, the property offers excellent expansion and revenue opportunities. The rear section includes additional space that could be developed into another rental unit or customized for a variety of commercial uses, including:Café or coffee shop, Gift and souvenir store, Professional offices, Hair or beauty salon, Fitness studio. Perfectly situated in the centre of Fortune, the property is just steps from the St. Pierre and Miquelon Ferry terminal. This strategic location captures both local traffic and seasonal visitors, creating exceptional potential for businesses catering to ferry passengers and tourists. Whether you're looking for a commercial property with dependable income, a business you can step into immediately, or an investment with room to grow, 3 Bayview Street offers a rare opportunity to own a versatile commercial asset in one of Newfoundland's gateway communities. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
5 m above sea level
Air quality now
AQHI 1.43 · Low risk
Burin station · updated 2:00 a.m.
Nearby & drive routes
2 places shown · OpenStreetMap · OSRM
Groceries 1
Cafés 1
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Calculators & neighbourhood
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Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-407
NOI / month
$-407
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $407 | $4,884 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-407 | $-4,884 |
| NOI | $-407 | $-4,884 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty
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