28 Main Road photo 11 / 29

MLS #1297394

28 Main Road

Lower Island Cove

$224,900

Office
Source Listing

Property Details

Turn-Key Convenience Store & Gas Station , Land & Building Included Opportunity to own a well established convenience store with gas service in a welcoming rural Newfoundland community. This is a rare chance to step into a fully operational, turn-key business with land, building, and equipment all included ; no landlord, no lease, just full ownership. The store serves as a steady and reliable hub for the local area, with consistent year-round sales and a strong seasonal boost during the summer months. The business offers a solid foundation with opportunities for growth, whether through expanded product offerings, adjusted hours, or added services. This property is ideal for an owner-operator or couple seeking a lifestyle change, combining small-town living with the ability to earn an income from your own business. The surrounding area offers a peaceful pace of life, supportive community, and the satisfaction of running a business that truly serves its customers. Features include: • Land and building included in sale • Established convenience store with loyal customer base • Gas service already in place • Equipment included • Turn-key operation with immediate income potential • Strong summer traffic with consistent year-round business. Inventory to be calculated and paid for separately at closing. Whether you’re looking to be your own boss, relocate for a lifestyle change, or invest in a community-based business, this opportunity offers both stability and potential. A great opportunity to live and work in a close-knit Newfoundland community while building your own future. (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$224,900
Down Payment - 5%$11,245
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$1,939

Mortgage Payment
$1,280
Property Tax
$159
Insurance
$150
Utilities
$350
Down Payment
$11,245
Loan Amount
$213,655
Total Interest
$170,442

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

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