Contact
Buying or Selling your House in Western Newfoundland and Labrador
Home
Properties
Communities
Corner Brook
Deer Lake
Happy Valley-Goose Bay
Port aux Basques
St. Anthony
Stephenville
Subdivisions
Bay Crescent
Discovery Ridge
Foote Street
Miller Crescent
Shamrock Crescent
Stella's Place
Valleyview Estates
Our Team
About Us
Expert Advice
Contact Us
0
Home
Properties
114-118 Main Street
114-118 Main Street
St. Lunaire-Griquet, Newfoundland & Labrador
$199,900
Previous
Next
Quick Summary
Location
St. Lunaire-Griquet, Newfoundland & Labrador
Price
$199,900
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®
1275520
Courtesy Of
Keller Williams Platinum Realty
Database ID:44622 DDF Feed ID: 27232383 Latitude: 51.504272 Longitude: -55.470536
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)
Contact An Agent
Your Name
*
Email
*
Phone
I prefer to be contacted via
email
phone
text
I would like more information about 114-118 Main Street, St. Lunaire-Griquet, listed for $199,900.
Comments or Questions
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
General
MLS® Number:
1275520
Location Description:
Largest building in St Lunaire- google RAPPA NL for directions.
Ownership Type:
Freehold
Price:
$199,900
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/27232383/114-118-main-street-st-lunaire-griquet
Land
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
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 2024-07-30 16:41:58 -0230
Search Properties
Region
Corner Brook
Deer Lake
Happy Valley-Goose Bay
Northern Peninsula
Pasadena
Port aux Basques
Stephenville
Property Type
Agriculture
Business
Industrial
Multi-family
Office
Other
Recreational
Retail
Single Family
Vacant Land
Transaction Type
For Lease
For Rent
For Sale
Beds
1+
2+
3+
4+
5+
Baths
1+
2+
3+
4+
5+
Min $
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
$325,000
$350,000
$375,000
$400,000
$425,000
$450,000
$475,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
$1,200,000
$1,300,000
$1,400,000
$1,500,000
$1,600,000
$1,700,000
$1,800,000
$1,900,000
$2,000,000
$2,500,000
$3,000,000
$4,000,000
$5,000,000
$7,500,000
$10,000,000
Max $
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
$175,000
$200,000
$225,000
$250,000
$275,000
$300,000
$325,000
$350,000
$375,000
$400,000
$425,000
$450,000
$475,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
$1,200,000
$1,300,000
$1,400,000
$1,500,000
$1,600,000
$1,700,000
$1,800,000
$1,900,000
$2,000,000
$2,500,000
$3,000,000
$4,000,000
$5,000,000
$7,500,000
$10,000,000
Sort By
Lowest Price First
Highest Price First
Date Added
Include Sold / Pending Sale
Mortgage Calculator
Mortgage Amount
$
Downpayment
$
Interest Rate
%
Amortization Period
Years
Payment Frequency
Bi-monthly
Monthly
Semi-monthly
Bi-weekly
Weekly
This calculator is for demonstration purposes only.
Our Tools
Contact Us
Real Estate Alert
Calculation Tools
Complementary Professionals
Online Evaluation
Useful Links
Exclusive Listings
View Exclusive Listings