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Listed by Krown Property Investments Inc.
$1,290,000
Est. payment /mo
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $107
MLS Listing ID 1304217
Year Built 1978
Annual Tax Amount $19,405
Lot Dimensions 14944.27 SQ/FT
Source NLAR
Property Description
A rare opportunity to acquire an established, income-producing commercial property in a highly visible and convenient location along Lemarchant Road near downtown St. John's! Offering approximately 12,000 sq. ft. of total building area, this property features an established tenant base, existing contractual income, and future leasing potential. All office spaces are currently subject to rental income or existing lease commitments, with upcoming leasing opportunities providing potential for future income growth. The property includes approximately 2,500 sq. ft. of main-floor commercial space becoming available for future leasing, plus bonus basement space, offering an opportunity for an incoming tenant or owner to establish a presence in this convenient location. With no interior load-bearing walls, the building offers significant flexibility for reconfiguration to accommodate a variety of future tenant or purchaser requirements. Recent improvements include a new roof in 2025, top-floor windows in 2022, exterior cosmetic upgrades in 2021, and parking lot repaving in 2019. In 2026, a portion of the second-floor ceiling was also replaced and insulated. Combining existing rental income, recent capital improvements, flexible interior space, and potential for future leasing and income growth, 211 Lemarchant Road presents a compelling opportunity for investors and owner-occupiers alike in the heart of St. John's!
Location
Province NL
Zoning Comm
Interior
Interior Features Air Conditioning
Heating Baseboard, Electric
Cooling Baseboard, Electric
Exterior
Roof Type Shingle - Asphalt
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