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125-127 Park Avenue
125-127 Park Avenue
NEW
Mount Pearl, Newfoundland & Labrador
$975,000
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Quick Summary
Location
Mount Pearl, Newfoundland & Labrador
Price
$975,000
Building Type
Special Purpose
Property Type
Retail
Status
For sale
Area
3400 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A1N 1J8
MLS®
1302022
Courtesy Of
Century 21 Seller's Choice Inc.
Database ID:72102 DDF Feed ID: 30282083 Latitude: 47.519114 Longitude: -52.789632
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. (id:47053)
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Building Information
Building Type: Special Purpose
Area: 3400 sqft
Baseboard heaters, Mini-Split
Electric Heat
Air exchanger
Flooring: Laminate
2 stories
Full Details
General
MLS® Number:
1302022
Equipment Type:
Propane Tank
Location Description:
Corner of Park Avenue and Smallwood Drive
Ownership Type:
Freehold
Price:
$975,000
Property Type:
Retail
Rental Equipment Type
Propane Tank
Storage Type:
Outside Storage, Storage Shed
Transaction Type:
For Sale
Zoning Description:
Commercial Mix
More Information Link:
https://www.realtor.ca/real-estate/30282083/125-127-park-avenue-mount-pearl
Land
Size Total Text:
9375 sf|7,251 - 10,889 sqft
Access Type:
Year-round access
Size Irregular:
9375 sf
Building
Building Amenities:
Air Conditioning
Constructed Date:
1969
Cooling Type:
Air exchanger
Flooring Type:
Laminate
Heating Fuel:
Electric
Heating Type:
Baseboard heaters, Mini-Split
Stories Total:
2
Size Interior:
3400 sqft
Type:
Special Purpose
Listing information last updated on 2026-09-15 16:21:52 -0230
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