About this propertyMLS® 1304738
Position your business for success with this well-maintained commercial property in the heart of Kelligrews, CBS, located at 685 Conception Bay Highway. Formerly operated as a chiropractic clinic, this versatile building is ideally suited for a wide range of professional uses including medical, wellness, office, or service-based businesses. The main level offers a functional and welcoming layout featuring a spacious reception or office area, multiple private treatment rooms or offices, a kitchen, two bathrooms, and ample storage/laundry space. The layout is designed to support efficient client flow, with several hallways providing easy access between rooms while maintaining privacy. The upper level expands the possibilities with additional rooms that can be used as offices, meeting spaces, or staff areas, along with another bathroom and storage areas. This flexible second floor is ideal for accommodating a growing team or creating separate workspaces. With generous room sizes, multiple offices, and existing infrastructure in place from its previous healthcare use, this property offers a turnkey opportunity for similar operations or can be easily adapted to suit your business needs. Situated along busy Conception Bay Highway, the property benefits from excellent visibility and accessibility, making it an ideal location to attract both foot traffic and passing customers. A fantastic opportunity to establish or expand your business in a high-demand area of CBS. (id:56688)
Property details
Coordinates: [47.503483, -53.010105]
Rooms
Basic Calculator
First Mortgage: $351,920
Mortgage insurance premium: $0
Total Financing: $351,920
Rough closing fee (1.5%): ~ $6,599
Total downpayment with estimated closing fee: $94,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,775 | $21,300 |
| Gross rental income (income/principal ratio) | 0.404% | 4.842% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $550 | $6,600 |
| Vacancy | $89 | $1,065 |
| Management Fee | $142 | $1,704 |
| Expense / Income Ratio | 30.99% | 30.99% |
| Cash Flow | $995 | $11,940 |
| Net Operating Income (NOI) | $995 | $11,940 |
| Capitalization Rate | 0.23% | 2.71% |
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