114-118 Main Street St. Lunaire-Griquet, Newfoundland & Labrador A0K 2X0
25,000 ft2
Air Exchanger
Baseboard Heaters, Radiator, Space Heater
Partially Landscaped
$299,900
Welcome to an extraordinary investment opportunity on the GNP. This former 25,000 sq ft school building, situated on nearly 4 acres of land, offers immense potential and a range of possibilities. Here's why: -Solid Structure and Enhancements: Constructed in 1969 with a large wing added in the mid-70s, this building showcases quality craftsmanship. Substantial investments were made, including an apex roof added in 2002 and comprehensive stabilization measures in 2004/2005, ensuring a secure and reliable structure. -Breathtaking Views: The property boasts stunning views of the bay. -Potential for RV Park: The cleared grounds are an ideal opportunity to establish a much-needed RV park. Can take up to 10 RVs. -Versatile Interior: The building features numerous classrooms, a full gymnasium with a stage, and a former community library complete with books. -Accommodation Potential: With some modifications, the building can potentially have 15 1-bedroom units or 25 hotel-style rooms. Income potential for short-term rentals projected to yield $175-$225 per night or around $900 per month for long-term. -Established Rentals: The property currently offers short-term rental units,"Bayview Suite" and "Garrigus Room." In addition to a 1 bedroom apartment. These units have high demand, with the "Bayview Suite" receiving Booking.com's highest rating. -Proximity to Tourist Attractions: Minutes away from the World Heritage Viking site, the property benefits from a steady stream of tourists, ensuring consistent demand for accommodations throughout the tourist season. -Winter Income Potential: The high demand for student accommodations at nearby CONA can be tapped into, providing a reliable source of revenue during the off-season. -Multiple Entertainment Options: The building offers diverse amenities, including a gaming arena with activities like paintball, airsoft, and Gellyball. Additionally, there is an axe-throwing room and a party room, catering to all. (id:51013)
Business
| Business Type | Other, Residential, Service |
| Business Sub Type | Mixed - IC&I, Residential, Miscellaneous services |
Property Details
| MLS® Number | 1267550 |
| Property Type | Retail |
| Amenities Near By | Recreation, Shopping |
| View Type | Ocean View, View |
Building
| Amenities | Recreation Centre, Exercise Centre, Laundry Facility, Living Accommodation |
| Constructed Date | 1969 |
| Cooling Type | Air Exchanger |
| Flooring Type | Carpeted, Laminate, Mixed Flooring, Other |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiator, Space Heater |
| Size Interior | 25,000 Ft2 |
| Type | Commercial Mix |
Land
| Access Type | Rail Access, Right-of-way, Year-round Access |
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Landscape Features | Partially Landscaped |
| Size Irregular | 3.8 Acres |
| Size Total Text | 3.8 Acres |
| Zoning Description | Com/res |
https://www.realtor.ca/real-estate/26473467/114-118-main-street-st-lunaire-griquet
Contact Us
Contact us for more information
Tony Lucas
(709) 753-4456
Keller Williams Platinum Realty
17 Duffy Place, Suite 200
St. John's, Newfoundland & Labrador A1B 4M7
17 Duffy Place, Suite 200
St. John's, Newfoundland & Labrador A1B 4M7
(709) 753-4454
(709) 753-4456
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February 02 2024 03:52:40
Newfoundland & Labrador Association of REALTORS®
Keller Williams Platinum Realty
