For sale · MLS® 1302991
238 Lemarchant Road
St. John's, NL, A1E2Z1
List price
$799,900
About this propertyMLS® 1302991
Prime opportunity to own a fully renovated, commercial building in St. John’s west, as the current business is relocating. Top floor is currently rented for $3750 POU a month and looking to stay! Centrally located with excellent accessibility and 21 parking spaces, this versatile building is ideal for a wide range of business uses. Previously operated as a mental health clinic, insurance sales office and retail store selling medical equipment. The property is thoughtfully designed and move in ready, while offering flexibility for professional offices, medical practices, or other commercial ventures. The building features 11 private offices spread across two floors, providing ample space for teams of varying sizes. Additional highlights include two bathrooms and a staff kitchen area, ensuring comfort and convenience for both employees and clients. This is a rare opportunity to secure a turnkey commercial space in a central, high-demand location. (id:56688)
Property details
Coordinates: [47.554299, -52.723281]
Rooms
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,718 | $68,616 |
| Gross rental income (income/principal ratio) | 0.715% | 8.578% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,000 | $12,000 |
| Vacancy | $286 | $3,431 |
| Management Fee | $458 | $5,490 |
| Expense / Income Ratio | 17.49% | 17.49% |
| Cash Flow | $3,975 | $47,700 |
| Net Operating Income (NOI) | $3,975 | $47,700 |
| Capitalization Rate | 0.50% | 5.96% |
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