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Listed by Colliers International
$3,695,000
Est. payment /mo
19,545 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,545 sqft
Price per Sqft $189
MLS Listing ID 1305440
Annual Tax Amount $17,622
Source NLAR
Property Description
An excellent opportunity to acquire an income-producing industrial property in the heart of Donovan's Business Park in Mount Pearl. Situated on approximately 2.16 acres with frontage along both Glencoe Drive and Bruce Street, this well-positioned property offers approximately 19,545 square feet of warehouse and office space. The building features high warehouse ceilings, eight dock-level loading doors, and a 14-foot grade-level loading door at the rear, providing excellent functionality for warehousing, distribution, and industrial operations. Currently leased, the property offers an established rental income stream with a lease in place until November 30, 2027, and a further two-year renewal option. Conveniently located with easy access to Kenmount Road, the Trans-Canada Highway, and the greater St. John's area, this property presents an attractive investment opportunity with the added potential for future owner-occupancy, subject to the existing lease terms. An ideal opportunity for investors looking to add a well-located industrial asset to their portfolio.
Location
Province NL
Zoning Commercial
Interior
Heating Electric
Cooling Electric
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NEARBY SCHOOL & BUSINESS
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