For sale · MLS® 1303863
55 North Shore Highway
Corner Brook, NL, A2H6B9
List price
$1,199,000
About this propertyMLS® 1303863
An exceptional opportunity to acquire a 9,000-square-foot special-purpose commercial property situated just minutes from the Port of Corner Brook. Offering approximately five acres of land, substantial building infrastructure, and significant capital improvements, this property provides a unique platform for a range of specialized commercial, industrial, institutional, and infrastructure-related uses. Since 2018, the property has undergone extensive upgrades, including a new roof, new septic system, upgraded well and water storage system, 800-amp three-phase electrical service, diesel backup generator, and mold-resistant interior finishes. The site also features controlled access, perimeter security, surveillance infrastructure, and ample separation from surrounding properties. The combination of building size, land, electrical capacity, backup power, water infrastructure, and site security provides flexibility for an owner requiring a facility with enhanced infrastructure and operational resilience. Potential applications may include secure corporate or technical operations, equipment or records storage, telecommunications and network infrastructure, business-continuity operations, specialized training, marine or industrial support, and other commercial or institutional uses, subject to required approvals. The approximately five-acre site is a significant component of the offering, providing room for additional infrastructure, expansion, storage, parking, or future site development while maintaining separation from neighbouring uses. Its proximity to the Port of Corner Brook further enhances the property's potential for businesses requiring access to marine transportation and regional shipping solutions. This is an opportunity worth exploring for investors and owner-users seeking a distinctive commercial property with long-term flexibility. Contact today for further details or to arrange a confidential viewing. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
15 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$5,469 / year
≈ $456 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
1 place shown · OpenStreetMap · OSRM
Parks 1
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$456/mo
Principal & interest $0 + property tax $456 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-1,498
NOI / month
$-1,498
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $456 | $5,469 |
| Expenses | $1,043 | $12,516 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-1,498 | $-17,976 |
| NOI | $-1,498 | $-17,976 |
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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