$699,000
Exceptional Investment on Historic Water Street in Downtown St. John’s. This is a rare opportunity to own a fully leased mixed-use property in one of the city’s most desirable locations. Situated at 202 Water Street, the building features two commercial storefronts on the main and second floors, along with a residential apartment on the third floor, offering a strong tenant mix and dependable income. Generating an annual income of approximately $67,000, this property provides both consistent cash flow and long-term value. Located along the designated Pedestrian Mall, it benefits from some of the highest foot traffic during the summer months, making it an ideal spot for retail or service-based businesses. With its classic brick façade, excellent street visibility, and prime downtown setting, this property is perfect for investors looking to expand their portfolio or buyers seeking a signature commercial space in one of St. John’s most vibrant areas. (id:47656)
Business
Business Type
|
Food Services and Beverage, Other, Retail and Wholesale, Retail and Wholesale, Service |
Business Sub Type
|
Bakery, General commercial, Florist/Gifts, Specialty retail, Miscellaneous services |
Property Details
MLS® Number
|
1291083 |
Property Type
|
Retail |
Neigbourhood
|
Downtown |
Building
Heating Fuel
|
Electric |
Type
|
Retail |
Land
Acreage
|
No |
Size Total Text
|
0-4,050 Sqft |
Zoning Description
|
Comm |
https://www.realtor.ca/real-estate/28955793/202-water-street-st-johns