211 Lemarchant Road,St. John's, NL A1N2C3
St. John's, NL A1N2C3
Description
A rare opportunity to acquire an established, income-producing commercial property in a highly visible and convenient location along Lemarchant Road near downtown St. John's! Offering approximately 12,000 sq. ft. of total building area, this property features an established tenant base, existing contractual income, and future leasing potential. All office spaces are currently subject to rental income or existing lease commitments, with upcoming leasing opportunities providing potential for future income growth. The property includes approximately 2,500 sq. ft. of main-floor commercial space becoming available for future leasing, plus bonus basement space, offering an opportunity for an incoming tenant or owner to establish a presence in this convenient location. With no interior load-bearing walls, the building offers significant flexibility for reconfiguration to accommodate a variety of future tenant or purchaser requirements. Recent improvements include a new roof in 2025, top-floor windows in 2022, exterior cosmetic upgrades in 2021, and parking lot repaving in 2019. In 2026, a portion of the second-floor ceiling was also replaced and insulated. Combining existing rental income, recent capital improvements, flexible interior space, and potential for future leasing and income growth, 211 Lemarchant Road presents a compelling opportunity for investors and owner-occupiers alike in the heart of St. John's! (id:13843)
Details
| MLS # | 1304217 |
|---|---|
| Listing Type | For Sale |
| Style | Offices |
| Status | Active |
| Year | 1978 |
| Days On Site | 8 |
| Listing Provided By | Krown Property Investments Inc. | Holly Halfyard |
Features
| SQ Feet | 12,000 |
|---|---|
| Story(s) | 2 |
| Zoning | Comm |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt shingle, Unknown |
|---|
Taxes
| Tax Annual Amount | 19405 |
|---|
Area Information
| Province | NL |
|---|---|
| City | St. John's |
| Postal Code | A1N2C3 |
| Listing VS Median (in A1N2C3) | |
Price: $1,290,000 low | high Med: $1,290,000 sqft: 12,000 low | high Med: 12,000 $ / sqft: $108 low | high Med: $108 On site: 8 low | high Med: 8 | |
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Learn More About This Property
| Province | NL |
|---|---|
| City | St. John's |
| Postal Code | A1N2C3 |
| Listing VS Median (in A1N2C3) | |
Price: $1,290,000 low | high Med: $1,290,000 sqft: 12,000 low | high Med: 12,000 $ / sqft: $108 low | high Med: $108 On site: 8 low | high Med: 8 | |