Bought with Hanlon Realty
$2,612,500
$2,699,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
17,850 SqFt
SOLD DATE : 01/03/2025
Key Details
Sold Price $2,612,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 17,850 sqft
Price per Sqft $146
MLS Listing ID 1272396
Sold Date 01/03/25
Year Built 1975
Annual Tax Amount $50,864
Tax Year 2024
Lot Dimensions 1.1 Acres
Source NLAR
Property Description
Property is located on the doorstep to the Avalon Mall and is 100% leased generating approximately $32,000 monthly rental income. Major renovations completed in 2019 including renovations to the site, building exterior, interior layout, HVAC, plumbing, and interior finishes. Four units in total, two office units (15,250 sq ft), one retail unit (1500 sq ft) and one storage unit (1100 sq ft). Two storey front section has retail and office space & the centre section space has a larger assembly area with a two storey office space behind. There's also a one storey storage area at the rear of the building. Gable roof in the mid-section of the building with steel trusses and metal deck. The front office/retail space and the rear storage/warehouse space has a flat roof. Vertical metal siding, brick veneer and wooden clapboard. Team Gushue Highway is located approximately 2.0 km to the west.
Location
Province NL
Zoning Com/Ind
Interior
Heating Electric
Cooling Electric
Exterior
Utilities Available Cable, Electrical, Municipal Water, Sewer, Telephone
Roof Type Tar and Gravel
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