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Listed by Century 21 Seller`s Choice Inc.
$975,000
Est. payment /mo
3,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $286
MLS Listing ID 1302022
Year Built 1969
Annual Tax Amount $4,722
Tax Year 2025
Lot Dimensions 9375 sf
Source NLAR
Property Description
125 Park Avenue offers a rare opportunity to acquire an established income-producing commercial/residential property with approximately 3,400 sq. ft. of finished space, extensive restaurant infrastructure
and equipment, residential accommodations, exceptional on-site parking, and an
established tenant already in place. The property underwent extensive redevelopment beginning in 2017, with much of the building taken back to the studs. As part of the reno, the building was raised, a
new foundation was poured, the upper level was expanded, and significant upgrades were completed throughout.
The main level is currently configured and operating as a fully equipped restaurant with seating for approximately 36 to 40 patrons. Major infrastructure and equipment include two commercial gas ranges, commercial hood and
ventilation system with integrated fire-suppression system, commercial refrigeration units, a stand-up freezer, service and preparation areas, sinks, shelving, tables, chairs, and additional restaurant fixtures and equipment. Much of the costly infrastructure required for continued food-service use is already installed and operational.
The upper level provides a unique residential component featuring four bedrooms, each with its own private ensuite bathroom, together with a shared kitchen, laundry facilities, and generous storage space.
The property offers on-site parking for 16 to 18 vehicles, along with a separate shed providing additional storage for inventory, supplies, and equipment. The entire building is currently occupied by one tenant under lease through December 2027, with the tenant expressing an interest in remaining beyond the current term.
With established tenancy, extensive restaurant infrastructure, four private ensuite
bedrooms, substantial redevelopment, ample parking, and extensive equipment
included, 125 Park Avenue presents a compelling opportunity for an investor or future owner-operator in the heart of Mount Pearl.
and equipment, residential accommodations, exceptional on-site parking, and an
established tenant already in place. The property underwent extensive redevelopment beginning in 2017, with much of the building taken back to the studs. As part of the reno, the building was raised, a
new foundation was poured, the upper level was expanded, and significant upgrades were completed throughout.
The main level is currently configured and operating as a fully equipped restaurant with seating for approximately 36 to 40 patrons. Major infrastructure and equipment include two commercial gas ranges, commercial hood and
ventilation system with integrated fire-suppression system, commercial refrigeration units, a stand-up freezer, service and preparation areas, sinks, shelving, tables, chairs, and additional restaurant fixtures and equipment. Much of the costly infrastructure required for continued food-service use is already installed and operational.
The upper level provides a unique residential component featuring four bedrooms, each with its own private ensuite bathroom, together with a shared kitchen, laundry facilities, and generous storage space.
The property offers on-site parking for 16 to 18 vehicles, along with a separate shed providing additional storage for inventory, supplies, and equipment. The entire building is currently occupied by one tenant under lease through December 2027, with the tenant expressing an interest in remaining beyond the current term.
With established tenancy, extensive restaurant infrastructure, four private ensuite
bedrooms, substantial redevelopment, ample parking, and extensive equipment
included, 125 Park Avenue presents a compelling opportunity for an investor or future owner-operator in the heart of Mount Pearl.
Location
Province NL
Zoning Commercial Mix
Interior
Interior Features Air Conditioning, Security System, Ventilation System
Heating Baseboard, Electric, Mini Split
Cooling Baseboard, Electric, Mini Split
Equipment Propane Tank
Exterior
Utilities Available Municipal Water, Sewer
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