Business For Sale · Office

238 Lemarchant Road, St. John's

238 Lemarchant Road, St. John's, Newfoundland & Labrador A1E2Z1

$849,900 total

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

95%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$850K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 238 Lemarchant Road, St. John's.

NDA required
  • 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.