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$849,900 total
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Asset Class
Office
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
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Occupancy
95%
Prime opportunity to own a fully renovated, commercial building in St. John’s west, as the current business is relocating. Top floor is currently rented for $3750 POU a month and looking to stay! Centrally located with excellent accessibility and 21 parking spaces, this versatile building is ideal for a wide range of business uses. Previously operated as a mental health clinic, insurance sales office and retail store selling medical equipment. The property is thoughtfully designed and move in ready, while offering flexibility for professional offices, medical practices, or other commercial ventures. The building features 11 private offices spread across two floors, providing ample space for teams of varying sizes. Additional highlights include two bathrooms and a staff kitchen area, ensuring comfort and convenience for both employees and clients. This is a rare opportunity to secure a turnkey commercial space in a central, high-demand location. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$63K
Annual cash flow
$16K
Cash-on-cash
6.12%
DSCR
1.33
Going-in cap
7.38%
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.
Trade area within 3 miles of the property.
Population
44,769
Households
15,922
Median income
$100,500
Median age
31.3
Daytime population
71,185
5-yr growth
1.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 238 Lemarchant 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.