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125-127 Park Ave, Mount Pearl, NL

Name: 125-127 Park Ave, For Sale in Mount Pearl - eXp Realty
Brand: Century 21 Seller's Choice Inc.
SKU: 1302022
Price: 975000 CAD

House

For Sale

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MLS® 1302022

Property Details
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Description

125 Park Avenue offers a rare opportunity to acquire an established income-producing commercial/residential property with approximately 3, 400 sq. ft. of finished space, extensive restaurant infrastructure and equipment, residential accommodations, exceptional on-site parking, and an established tenant already in place. The property underwent extensive redevelopment beginning in 2017, with much of the building taken back to the studs. As part of the reno, the building was raised, a new foundation was poured, the upper level was expanded, and significant upgrades were completed throughout. The main level is currently configured and operating as a fully equipped restaurant with seating for approximately 36 to 40 patrons. Major infrastructure and equipment include two commercial gas ranges, commercial hood and ventilation system with integrated fire-suppression system, commercial refrigeration units, a stand-up freezer, service and preparation areas, sinks, shelving, tables, chairs, and additional restaurant fixtures and equipment. Much of the costly infrastructure required for continued food-service use is already installed and operational. The upper level provides a unique residential component featuring four bedrooms, each with its own private ensuite bathroom, together with a shared kitchen, laundry facilities, and generous storage space. The property offers on-site parking for 16 to 18 vehicles, along with a separate shed providing additional storage for inventory, supplies, and equipment. The entire building is currently occupied by one tenant under lease through December 2027, with the tenant expressing an interest in remaining beyond the current term. With established tenancy, extensive restaurant infrastructure, four private ensuite bedrooms, substantial redevelopment, ample parking, and extensive equipment included, 125 Park Avenue presents a compelling opportunity for an investor or future owner-operator in the heart of Mount Pearl. (id:58753)Show Description

Key Facts

Levels Commercial Sale

Size 3400 sqft

Taxes $4,722

Days Active 5

Approx. Age 1969

Avg. Price Per Sqft $286

MLS® Number 1302022

Central VacNo

FireplaceNo

Approx. Age1969

HeatBaseboard heaters, Electric, Mini-Split

A/CAir exchanger

Price History

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$XXX,XXXSold Price

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$XXX,XXXList Price

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