Clarke Real Estate | St. John's | CBS | Newfoundland
114-118 Main Street St. Lunaire-Griquet, Newfoundland & Labrador A0K 2X0
$199,900
Welcome to an extraordinary investment opportunity on the GNP. This former 25,000 sq ft school building, situated on nearly 4 acres of land, offers immense potential and a range of possibilities. -Solid Structure and Enhancements: Constructed in 1969 with a large wing added in the mid-70s, this building showcases quality craftsmanship. Substantial investments were made, including an apex roof added in 2002 and comprehensive stabilization measures in 2004/2005, ensuring a secure and reliable structure. -Breathtaking Views: The property boasts stunning views of the bay. -Potential for RV Park: The cleared grounds are an ideal opportunity to establish a much-needed RV park. Can take up to 10 RVs. -Versatile Interior: The building features numerous classrooms, a full gymnasium with a stage, and a former community library complete with books. -Accommodation Potential: With modifications, the building could have 15 1-bedroom units or 25 hotel-style rooms. Income potential for short-term rentals projected to yield $175-$225 per night per room or around $900 per month long-term per room. -Established Rentals: The property currently offers 3 short-term rental units,"Bayview Suite" and "Garrigus Room." and a third unit. In addition to a spacious 1 bedroom apartment (that could easily be converted to 2 apts). These units have high demand, with the "Bayview Suite" receiving Booking.com's highest rating. -Proximity to Tourist Attractions: Minutes away from the World Heritage Viking site, the property benefits from a steady stream of tourists, ensuring consistent demand for accommodations throughout the tourist season. -Winter Income Potential: The high demand for student accommodations at nearby CONA can be tapped into, providing a reliable source of revenue during the off-season. -Multiple Entertainment Options: The building offers gaming arena with activities like paintball, airsoft, and Gellyball as well as an axe-throwing room and a party room, catering to all. (id:12973)
Business
| Business Type | Other, Residential, Service, Arts and Entertainment |
| Business Sub Type | Mixed - IC&I, Residential, Miscellaneous services, Entertainment |
Property Details
| MLS® Number | 1275520 |
| Property Type | Retail |
| Amenities Near By | Recreation, Shopping |
| View Type | Ocean View, View |
Building
| Amenities | Recreation Centre, Exercise Centre, Laundry Facility, Living Accommodation |
| Constructed Date | 1969 |
| Cooling Type | Air Exchanger |
| Flooring Type | Carpeted, Laminate, Mixed Flooring, Other |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiator, Space Heater |
| Size Interior | 25000 Sqft |
| Type | Commercial Mix |
Land
| Access Type | Rail Access, Right-of-way, Year-round Access |
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Landscape Features | Partially Landscaped |
| Size Irregular | 3.8 Acres |
| Size Total Text | 3.8 Acres |
| Zoning Description | Com/res |
https://www.realtor.ca/real-estate/27232383/114-118-main-street-st-lunaire-griquet
Interested?
Contact us for more information
Tony Lucas
(709) 753-4456
17 Duffy Place, Suite 200
St. John's, Newfoundland & Labrador A1B 4M7
(709) 753-4454
(709) 753-4456
kwnewfoundland.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
The Newfoundland & Labrador Association of REALTORS®
Keller Williams Platinum Realty
November 18 2024 07:24:18
