1/35639 Torbay Road, St. John's
639 Torbay Road, St. John's, Newfoundland & Labrador A1A5G9
$750,000 total
—
Asset Class
Office
Size
—
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
92%
Year Built
1980
About this property
This 4600sqft commercial building is situated on 0.8 acres of high visibility land between Stavanger Drive and Hebron Way with 194.9ft of frontage on Torbay Road. The main floor features 7 offices and 4 washrooms plus a full kitchen and a 600sqft garage. The lower level is grade level at the rear and has been operating as a mill-shop and is suitable for many other uses or development as additional office space. Outside there is ample parking with rear yard access that has been utilized as a laydown area and is ready for future development. This is an ideal opportunity for an owner occupied business or for a strategic investment given its proximity to the Health Hub, major retailers, and the highway. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$52K
Annual cash flow
$11K
Cash-on-cash
4.69%
DSCR
1.25
Going-in cap
6.95%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
49,400
Households
19,513
Median income
$78,000
Median age
43
Daytime population
63,737
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 639 Torbay Road, St. John's.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.