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Listed by 3% Realty East Coast
$1,450,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1301813
Annual Tax Amount $3,826
Lot Dimensions 0.70 acre
Source NLAR
Property Description
A unique opportunity to own an established business and residential property in a central location serving the Pouch Cove/Flatrock area. This well-known convenience store offers an excellent opportunity for an owner-operator, investor, or entrepreneur looking to step into an existing operation while benefiting from the continued residential and commercial growth taking place nearby. This convenience store is being offered with the existing store inventory included and features an impressive approximately 450 sq. ft. walk-in cooler. Additional storage is available in the approximately 25' × 25' crawl space beneath the store. The commercial portion also offers exciting future potential, with approvals in principle for both gas and a liquor licence, giving a new owner the opportunity to further expand the business and its revenue streams. Attached to the commercial property is a substantial residence offering approximately 2,443 sq. ft. of developed space, including approximately 1,150 sq. ft. on the main level and 1,293 sq. ft. in the basement. This creates excellent flexibility for an owner who wants to live next to the business, accommodate family, or explore additional income potential. Major improvements include the store roof and trusses, which were replaced approximately seven years ago, while the roof on the residence was replaced in approximately 2016. With an established customer base, significant on-site storage, inventory included, residential accommodations, and the potential to add both fuel and liquor sales, this is much more than a traditional commercial property. Positioned near newer subdivisions and anticipated future commercial development, it represents a rare chance to acquire an established business and property with considerable potential for continued growth.
Location
Province NL
Zoning comm/res
Interior
Heating Mini Split, Oil
Cooling Mini Split, Oil
Exterior
Utilities Available Municipal Water, Septic
Roof Type Shingle - Asphalt
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