Buying or Selling your House in Western Newfoundland and Labrador

114-118 Main Street

St. Lunaire-Griquet, Newfoundland & Labrador

$249,900

Quick Summary

Location
St. Lunaire-Griquet, Newfoundland & Labrador
Price
$249,900
Building Type
Commercial Mix
Property Type
Retail
Status
For sale
Area
25000 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A0K 2X0
MLS®
1267550
Courtesy Of
Keller Williams Platinum Realty
Database ID:37656 DDF Feed ID: 26473467 Latitude: 51.504393 Longitude: -55.470329

Property Description

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:47053)

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Building Information

  • Building Type: Commercial Mix
  • Area: 25000 sqft
  • Baseboard heaters, Radiator, Space Heater
  • Electric Heat
  • Air exchanger
  • Flooring: Carpeted, Laminate, Mixed Flooring, Other

Full Details

MLS® Number:1267550
Location Description:Largest building in St Lunaire- google RAPPA NL for directions.
Ownership Type:Freehold
Price:$249,900
Property Type:Retail
Transaction Type:For Sale
View Type:Ocean view, View
Zoning Description:COM/RES
More Information Link: https://www.realtor.ca/real-estate/26473467/114-118-main-street-st-lunaire-griquet

Size Total Text:3.8 acres
Access Type:Rail access, Right-of-way, Year-round access
Amenities:Recreation, Shopping
Landscape Features:Partially landscaped
Size Irregular:3.8 acres

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
Listing information last updated on 2024-02-02 12:22:40 -0330
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