Property Description

POTENTIAL, POTENTIAL, POTENTIAL. An exciting opportunity in the heart of Trinity Bight! Centrally located on approximately 1.06 acres along busy Route 230, this versatile commercial property offers excellent visibility in one of Newfoundland’s popular tourism destinations. On the doorsteps of Trinity, Port Rexton and Bonavsita, this is a wonderful opportunity to develop business space, short and long term rentals, employee housing etc. With a history dating back to the 1950s, the property operated continuously as a hotel and bar/lounge until 2020 and offers plenty of possibilities for its next chapter. Recent renovations have transformed a portion of the former lounge into two residential apartments, including a one-bedroom and a two-bedroom unit, plus a third commercial unit that could be ideal for a hair salon, office, retail space, or other small business. Each of these three units has its own exterior entrance and new deck access. They are currently wired, partially plumbed, drywalled, and ready for paint, flooring, fixtures, and finishing touches. The two-storey portion of the building features six hotel rooms with ensuite bathrooms, along with a kitchen and dining area, new washrooms, and a separate bar area. Numerous upgrades have been completed in recent years, including flooring, wood siding, vinyl windows, shingles, upgraded insulation, an alarm system, water pump, wraparound deck, and some new lighting and fixtures. With plenty of parking, a good water supply, high-traffic exposure, and multiple potential income streams under one roof, this property is packed with possibilities. Complete the remaining finishing work and bring your vision to life in beautiful Trinity Bight! (id:7434)