About this propertyMLS® 1304750
Positioned in a high-visibility, high-traffic area of Gander, 61 Elizabeth Drive offers a prime opportunity to secure a substantial commercial investment in one of the town’s most established business corridors. If you’re searching for a property that delivers on location, scale, and long-term value, this impressive building checks all the boxes. Offering over 14,000 sq. ft. of fully refurbished office space, the property features approximately 7,127 sq. ft. on the main level and 7,242 sq. ft. on the second floor, making it ideal for a wide range of professional, administrative, or commercial uses. Extensively upgraded over the past 15 years, this building provides peace of mind with key improvements already in place. It is equipped with an 800-amp electrical service, baseboard heating, and roof-mounted HVAC units, ensuring functionality and efficiency for tenants or owners alike. Constructed in 1978 on a solid concrete slab, the building boasts a durable brand new 2 ply torched-on membrane roof, installed September 2026 and a low-maintenance exterior finished in brick and metal siding, combining longevity with strong curb appeal. Adding even more value, both parking lots have been resurfaced within the past 15 years, offering ample on-site parking-a key feature for any thriving business location. This is a rare opportunity to own a well-maintained, strategically located commercial property in the heart of Gander-perfect for investors seeking a reliable income generating asset or businesses looking to establish themselves in a prominent location. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
132 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$7,340 / year
≈ $612 / month · assessment year 2026
Climate
Jan -3° · Jul 22°
normal daily high · GANDER INT'L A station · 1991–2020
Nearby & drive routes
15 places shown · OpenStreetMap · OSRM
Schools 3
Health 1
Groceries 5
Cafés 4
Parks 2
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$612/mo
Principal & interest $0 + property tax $612 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-611
NOI / month
$-611
Cap rate
-0.59%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $612 | $7,340 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-611 | $-7,332 |
| NOI | $-611 | $-7,332 |
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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