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$ 699,000
Est. payment /mo
Active
202 Water Street St. John's, NL A1C1A9
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1281858
Originating Board Newfoundland & Labrador Association of REALTORS®
Property Sub-Type Freehold
Property Description
Opportunity knocks on Water Street, the most sought-after location in Downtown St. John's! This high-traffic, high-visibility 3-unit property is fully rented, generating $5,600 per month in rental income, and offers a turnkey investment in the city's thriving commercial district. Situated along the designated Pedestrian Mall strip, this property sees a surge in foot traffic from June to September, making it an ideal spot for retail and service businesses. The main and second floors are occupied by commercial tenants, while the third floor features a residential unit, each with separate electrical meters and 400-amp service. The historic brick façade and prime storefront presence make this an attractive option for long-term value appreciation. With 3,495 sq. ft. of total space, this three-level mixed-use building offers flexibility for various investment strategies. Whether you're looking to expand your real estate portfolio, capitalize on the downtown rental market, or secure a valuable commercial space in a premium location, 202 Water Street is an unbeatable opportunity. Don't miss out—schedule a viewing today! (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by RE/MAX Realty Specialists