Property Description

Located in the scenic and tourist town of Dildo, just approximately 1 hour and 10 minutes from St. John's, this well-maintained commercial building offers an exceptional investment opportunity with endless potential. Boasting approximately 5,600 square feet of space, the building features two floors, six separate units, each with its own electrical meter, making it ideal for multiple tenants or a variety of business ventures. Inside you'll find five bathrooms, one full kitchen, and an additional kitchenette/sink area, providing flexibility for many different uses. There is also an abundance of storage throughout the building, including a large dedicated storage room. Three of the six units are currently occupied, with existing tenants including a small restaurant, a nail salon, and another salon. Tenants pay their own utilities, making this an attractive income-producing property. The current owners have taken exceptional care of the building, and their pride of ownership is evident throughout. Recent updates include new shingles (approximately 5 years ago), a new well pump (2021), new rear deck stairs (2021), and updated flooring in some areas (2020). Over the years, the property has successfully accommodated a variety of businesses, including a pet grooming salon, tattoo studio & barber shop, demonstrating its versatility and broad commercial appeal. An added bonus is the incredibly low operating costs, with no property taxes and only a $200 annual garbage disposal fee per unit. Subject to the necessary approvals, the layout may also lend itself to conversion into seniors' apartments, a long-term care facility, or other residential or mixed-use developments. Whether you're looking to expand your investment portfolio, establish a thriving business hub, or explore redevelopment opportunities, this property offers outstanding potential. HST is the responsibility of the purchaser. (id:7434)