114-118 Main Street
St. Lunaire-Griquet St. Lunaire-Griquet A0K 2X0

$299,900
Retail

Main Photo: 114-118 Main Street in St. Lunaire-Griquet: Retail for sale : MLS®# 1267550
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Status:
Active
Prop. Type:
Retail
MLS® Num:
1267550
Bus Major:
Other
Bus Minor:
Mixed - IC&I
Build. Type:
Commercial Mix
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:2493)
Property Type:
Retail
Size Interior:
25,000 sq. ft.
Transaction Type:
For sale
Zoning:
COM/RES
Ownership Type:
Freehold
Amenities:
Recreation, Shopping
View:
Ocean view, View
Major Business Type:
Other, Residential, Service
Minor Business Type:
Mixed - IC&I, Residential, Miscellaneous services
Building Type:
Commercial Mix
Building Amenities:
Recreation Centre, Exercise Centre, Laundry Facility, Living Accommodation
Age:
55 years
Cooling:
Air exchanger
Fireplace:
No
Floor finish:
Carpeted, Laminate, Mixed Flooring, Other
Heating:
Baseboard heaters, Radiator, Space Heater
Heating Fuel:
Electric
Land Amenities:
Recreation, Shopping
Road Access:
Rail access, Right-of-way, Year-round access
Landscape Features:
Partially landscaped
Acreage:
No
Lot Size:
3.8 acres
Lot Details:
3.8 acres
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Listed by Keller Williams Platinum Realty
Data was last updated March 4, 2024 at 05:15 AM (UTC)
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.