61 Elizabeth Drive photo 11 / 4

MLS #1295538

61 Elizabeth Drive

Gander

$950,000

Office
Source Listing

Property Details

Positioned in a high-visibility, high-traffic area of Gander, 61 Elizabeth Drive offers a prime opportunity to secure a substantial commercial investment in one of the town’s most established business corridors. If you’re searching for a property that delivers on location, scale, and long-term value, this impressive building checks all the boxes.Offering over 14,000 sq. ft. of fully refurbished office space, the property features approximately 7,127 sq. ft. on the main level and 7,242 sq. ft. on the second floor, making it ideal for a wide range of professional, administrative, or commercial uses. Extensively upgraded over the past 15 years, this building provides peace of mind with key improvements already in place. It is equipped with an 800-amp electrical service, baseboard heating, and roof-mounted HVAC units, ensuring functionality and efficiency for tenants or owners alike. Constructed in 1978 on a solid concrete slab, the building boasts a durable torched-on membrane roof and a low-maintenance exterior finished in brick and metal siding, combining longevity with strong curb appeal. Adding even more value, both parking lots have been resurfaced within the past 15 years, offering ample on-site parking-a key feature for any thriving business location. This is a rare opportunity to own a well-maintained, strategically located commercial property in the heart of Gander-perfect for investors seeking a reliable income generating asset or businesses looking to establish themselves in a prominent location. (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$950,000
Down Payment - 8%$76,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$6,410

Mortgage Payment
$5,237
Property Tax
$673
Insurance
$150
Utilities
$350
Down Payment
$76,000
Loan Amount
$874,000
Total Interest
$697,228

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

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