For sale · MLS® 1304468
422 Main Street
McIvers, NL, A2H6B9
List price
$279,000
About this propertyMLS® 1304468
""They're ready to sell the SHOP!"". This is a well established business in the well established Town of McIvers. The business has a good selection of grocery items. It also stocks common hardware supplies. The building is equipped with a fire suppression system. It also has a Lorax security system with quality Lorax cameras which have mobile capabilities. Currently the store is a Liquor Express outlet and there is a possibility the license can be transferred to a new owner. Included is a walk-in cooler. The store also has a dine-in and takeout option. The kitchen is now closed but some equipment remains, including an ice cream machine. A pizza oven and a food warmer will also be included. The oil tank is expired, however the main source of heat for many years has been wood, with any wood on the property to be included included. There are two 200 amp panels one being fuses and the other being breakers. The roof was done 18 years ago and is 'torch-on'. Building and land only. Stock will be extra. Call for further details and your appointment to view. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
18 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$1,857 / year
≈ $155 / month · assessment year 2026
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$155/mo
Principal & interest $0 + property tax $155 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-348
NOI / month
$-348
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $155 | $1,857 |
| Expenses | $194 | $2,328 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-348 | $-4,176 |
| NOI | $-348 | $-4,176 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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