For sale · MLS® 1304410
117-119 Conception Bay Highway
Clarke's Beach, NL, A0A1W0
List price
$99,000
About this propertyMLS® 1304410
Explore the potential of this ideally located commercial property in the heart of Clarke’s Beach, situated along the Conception Bay Highway next to Clarke’s Beach Medical and close to the local post office, churches, and convenience shopping. With ocean views, ample parking, and municipal water and sewer services, this property offers an excellent opportunity for redevelopment in a convenient, well-travelled location. The existing 1,665 sq. ft. building has sustained an electrical fire and will need to be demolished. The building is not available for access or viewing for insurance reasons. The property is being offered as a redevelopment opportunity, allowing a new owner to explore the potential for a variety of commercial uses, subject to applicable municipal approvals and zoning requirements. Potential uses could include retail, a coffee shop, restaurant, arts and crafts store, shop frontage, or storage. The lot has an irregular configuration with approximate boundary measurements of 49' x 137' x 73' x 114'. Whether you are looking to establish a new business or invest in a commercial location with excellent potential, this property is worth exploring. Bring your vision and discover the possibilities in Clarke’s Beach! (id:56688)
Specifications
Property details
Room by room
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The essentials
Location, air, flood & taxes
Elevation
0 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$498 / year
≈ $42 / month
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 69 min to downtown St. John's84 km
- 68 min to Memorial University82.8 km
- 73 min to Avalon Mall89.5 km
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Estimated monthly payment
$42/mo
Principal & interest $0 + property tax $42 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-41
NOI / month
$-41
Cap rate
-0.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $42 | $498 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-41 | $-492 |
| NOI | $-41 | $-492 |
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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