Buying or Selling your House in Western Newfoundland and Labrador

114-118 Main Street

St. Lunaire-Griquet, Newfoundland & Labrador

$199,900

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®
1281563
Courtesy Of
Keller Williams Platinum Realty
Database ID:50861 DDF Feed ID: 27890700 Latitude: 51.504275 Longitude: -55.470311

Property Description

Excellent, turnkey property close to the World Heritage site at L'Anse aux Meadows. There are 4 short term rental units that generate gross income of between $60,000 and $90,000 annually, plus a large apartment either for rent or owner home. Season starts in April and May (Polar Bear and Iceberg season). Mid May through September is the busy season. The property has space for up to 18 more hotel rooms or 10 1-bdrm residencies. Ideal for investor or handyman. Property sits on almost 4 acres suitable for RV sites etc. Property overlooks beautiful Bay full of islands. This is the closest hotel to the Viking site. Owners retiring. Here's where this property stands out: -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: 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. -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:1281563
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/27890700/114-118-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 2025-02-07 13:23:53 -0330
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