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Listed by RE/MAX Infinity Realty Inc.
$425,000
Est. payment /mo
4,294 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,294 sqft
Price per Sqft $98
MLS Listing ID 1301326
Year Built 1975
Lot Dimensions 11786
Source NLAR
Property Description
Exceptional Commercial Investment with Stable Income & Outstanding Growth Potential
Invest in a property that offers immediate cash flow, long-term security, and significant upside in the heart of Fortune, NL. This 4,294 sq. ft. commercial building features a strong combination of established rental income and owner-operator business potential, making it an ideal opportunity for investors, entrepreneurs, or anyone looking to diversify their portfolio. The front portion of the building is leased to Canada Post, providing dependable rental income through an existing 4-year lease, with an option to renew for an additional 10 years. Having a nationally recognized tenant offers stability and peace of mind for years to come. Included in the sale is TYLT Limited (Tackling Your Life's Taxes), a well-established tax preparation business that has successfully served the Fortune area for many years. This profitable business provides the opportunity to generate additional income immediately while benefiting from an established client base and strong community reputation.
Beyond its current use, the property offers excellent expansion and revenue opportunities. The rear section includes additional space that could be developed into another rental unit or customized for a variety of commercial uses, including:Café or coffee shop, Gift and souvenir store, Professional offices, Hair or beauty salon, Fitness studio.
Perfectly situated in the centre of Fortune, the property is just steps from the St. Pierre and Miquelon Ferry terminal. This strategic location captures both local traffic and seasonal visitors, creating exceptional potential for businesses catering to ferry passengers and tourists. Whether you're looking for a commercial property with dependable income, a business you can step into immediately, or an investment with room to grow, 3 Bayview Street offers a rare opportunity to own a versatile commercial asset in one of Newfoundland's gateway communities.
Invest in a property that offers immediate cash flow, long-term security, and significant upside in the heart of Fortune, NL. This 4,294 sq. ft. commercial building features a strong combination of established rental income and owner-operator business potential, making it an ideal opportunity for investors, entrepreneurs, or anyone looking to diversify their portfolio. The front portion of the building is leased to Canada Post, providing dependable rental income through an existing 4-year lease, with an option to renew for an additional 10 years. Having a nationally recognized tenant offers stability and peace of mind for years to come. Included in the sale is TYLT Limited (Tackling Your Life's Taxes), a well-established tax preparation business that has successfully served the Fortune area for many years. This profitable business provides the opportunity to generate additional income immediately while benefiting from an established client base and strong community reputation.
Beyond its current use, the property offers excellent expansion and revenue opportunities. The rear section includes additional space that could be developed into another rental unit or customized for a variety of commercial uses, including:Café or coffee shop, Gift and souvenir store, Professional offices, Hair or beauty salon, Fitness studio.
Perfectly situated in the centre of Fortune, the property is just steps from the St. Pierre and Miquelon Ferry terminal. This strategic location captures both local traffic and seasonal visitors, creating exceptional potential for businesses catering to ferry passengers and tourists. Whether you're looking for a commercial property with dependable income, a business you can step into immediately, or an investment with room to grow, 3 Bayview Street offers a rare opportunity to own a versatile commercial asset in one of Newfoundland's gateway communities.
Location
Province NL
Zoning Res
Interior
Interior Features Air Conditioning, Lunch Room
Heating Electric, Mini Split
Cooling Electric, Mini Split
Inclusions Existing TYLT Limited business is included with the building. Seller may consider selling the building without the business.
Exterior
Utilities Available Electrical, Municipal Water, Sewer
Roof Type Other
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