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Listed by RE/MAX Realty Professionals Ltd. - Corner Brook
$429,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1291272
Year Built 1950
Annual Tax Amount $1,145
Tax Year 2025
Source NLAR
Property Description
Exceptional Investment Opportunity – Multi-Unit Commercial Property with Major Income Potential!
Attention investors and entrepreneurs! This versatile commercial property offers four fully rented legal units, each on separate meters and equipped with 100-amp—providing stable, consistent rental income from day one.
But that's not all—there's also a bachelor unit currently vacant, sharing a panel with an adjacent storage space, offering the potential to add another income stream with minimal effort.
In addition, the property boasts a 6,000 sq. ft. storage facility, currently leased by a family member operating a well-established and profitable car storage business. The current operator is open to collaborating with the buyer, allowing for a seamless transition or continued business partnership.
Whether you're looking to grow your real estate portfolio or run a high-demand storage business, this property offers untapped revenue potential and flexible usage options.
Don't miss out on this unique chance to own a cash-flowing property with room to grow.
Attention investors and entrepreneurs! This versatile commercial property offers four fully rented legal units, each on separate meters and equipped with 100-amp—providing stable, consistent rental income from day one.
But that's not all—there's also a bachelor unit currently vacant, sharing a panel with an adjacent storage space, offering the potential to add another income stream with minimal effort.
In addition, the property boasts a 6,000 sq. ft. storage facility, currently leased by a family member operating a well-established and profitable car storage business. The current operator is open to collaborating with the buyer, allowing for a seamless transition or continued business partnership.
Whether you're looking to grow your real estate portfolio or run a high-demand storage business, this property offers untapped revenue potential and flexible usage options.
Don't miss out on this unique chance to own a cash-flowing property with room to grow.
Location
Province NL
Zoning Commercial
Interior
Interior Features Window Display
Heating Baseboard, Electric
Cooling Baseboard, Electric
Inclusions The sale of this property includes all existing appliances. Each unit is equipped with one refrigerator, one stove, and a washer/dryer, all included in "as is, where is" condition.
Exterior
Utilities Available Cable, Electrical, Municipal Water, Sewer, Telephone
Roof Type Tar and Gravel
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