For sale · MLS® 1304027
210 Pennywell Road
St. John's, NL, A1C2L6
List price
$NaN
About this propertyMLS® 1304027
For Sale at $399,900 or for lease at $5500 POU. Ideal owner-operator restaurant opportunity in the center of St. John's. Operating as the well-known New City Restaurant, this high-visibility property successfully served the community for more than 25 years and offers outstanding potential for a wide range of future uses. Ideally located just moments from downtown, Ropewalk Lane, Memorial University, the Avalon Mall, major amenities, and key transportation routes, this property combines convenience, exposure, and long-term upside in one strategic location. The longstanding restaurant operation may support future discretionary commercial use opportunities subject to City approvals, while the existing layout and history provide an excellent foundation for a purchaser looking to bring new life and vision to the space. Currently zoned R2, the property also presents significant redevelopment and residential intensification potential. The building includes a spacious 6-bedroom apartment, creating additional income potential for investors or flexibility for owner occupancy, staff accommodations, or future redevelopment concepts. Whether you're an entrepreneur, investor, restaurateur, or developer, this property offers exceptional value and upside potential in a rapidly evolving area of the city. The property is being offered in its current condition and presents an excellent opportunity for purchasers looking to renovate, reposition, or customize the property to suit their vision. Rarely do opportunities with this combination of location, history, zoning flexibility, and future potential become available. Note - basement not included in total square footage. Please see the 3d tour. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
83 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Flood zone
Outside floodplain
City of St. John's flood mapping · not flagged
Zoning
R2 · R2
1.20 ha parcel
Property tax
$6,995 / year
≈ $583 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
77 places shown · 3 routes · OpenStreetMap · OSRM
- 2 min to downtown St. John's1.4 km
- 7 min to Memorial University3.8 km
- 13 min to Avalon Mall10.4 km
Schools 18
Health 1
Groceries 15
Cafés 8
Parks 10
Bus stops 25
Plan ahead
Calculators & neighbourhood
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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