1 Pennywell Road photo 11 / 21

MLS #1294623

1 Pennywell Road

St. John's

$255,900

3,307 sqft
Office
Source Listing

Property Details

Welcome to 1 Pennywell Road! A listing which offers an investor the opportunity to embark on various business possibilities. This unique commercial listing is centrally Located in a prime area, with easy access to the downtown core and the rest of the city. It's perfectly situated to house almost any form of business venture. This great property presents an outstanding opportunity to own a versatile space that offers potential for both retail and warehouse spaces, or potential conversion into residential living for 3 sizable units (pending city approval), with separate entrances, and off street parking. Currently offering approximately 775 sqft of store frontage, 1103 sqft of office space, and over 1387 sqft of warehouse & storage space with off street parking and a designated loading zone, this versatile 4-level building is truly is a diamond in the rough, for any business looking to establish themselves as a focal point in the center of the city. The main entrance opens into a storefront set-up on the main floor, with a lunch room and bathroom. Upstairs you'll find ten foot ceilings, with four established offices and a large boardroom. Downstairs you'll find a mix between wide-open warehouse space, and storage/cold storage. This property is tailor made for any storefront with a requirement for office space with storage, or could be converted into multiple residential units. This property is vacant and available for a quick closing. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$255,900
Down Payment - 5%$12,795
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,138

Mortgage Payment
$1,457
Property Tax
$181
Insurance
$150
Utilities
$350
Down Payment
$12,795
Loan Amount
$243,105
Total Interest
$193,935

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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