Opportunity knocks on Water Street, the most sought-after location in Downtown St. John’s! This high-traffic, high-visibility 3-unit property is fully rented, generating $5,600 per month in rental income, and offers a turnkey investment in the city’s thriving commercial district. Situated along the designated Pedestrian Mall strip, this property sees a surge in foot traffic from June to September, making it an ideal spot for retail and service businesses. The main and second floors are occupied by commercial tenants, while the third floor features a residential unit, each with separate electrical meters and 400-amp service. The historic brick façade and prime storefront presence make this an attractive option for long-term value appreciation. With 3,495 sq. ft. of total space, this three-level mixed-use building offers flexibility for various investment strategies. Whether you’re looking to expand your real estate portfolio, capitalize on the downtown rental market, or secure a valuable commercial space in a premium location, 202 Water Street is an unbeatable opportunity. Don’t miss out—schedule a viewing today! (id:47423)
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Detailed Information
Amenities Nearby
Shopping
Listing Contract Date
2025-02-20
Ownership Type
Freehold
Property Type
Retail
Transaction Type
For sale
Zoning Description
Comm. DT mixed
Business
Business Type
Other, Retail and Wholesale, Residential
Business Subtype
Mixed - IC&I, Specialty retail, Residential
Building
Amenities
Living Accommodation
Heating Fuel
Electric
Stories Total
3
Type
Commercial Mix
Land
Access Type
Year-round access
Amenities
Shopping
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