Asset Class: Office
Strategically situated at the intersection of Duckworth Street and Kings Road, this mixed-use asset offers a strong value proposition for owner-occupiers and investors alike. With over 50% of the property currently leased out, the remaining availability enables a unique opportunity for supplemental value creation to an already stabilized cash-flowing asset.
Currently zoned Commercial Downtown Mixed (CDM) and immediately overlooking both the National War Memorial and the St. John’s harbourfront, the property may be operationalized for a distinct assortment of uses including the possibility of a conversion to residential on the upper floors. Furthermore, considering site’s high-profile location and six onsite parking stalls, this opportunity presents itself as an attractive alternative for operators looking to attract personnel and build equity in an urban setting.
Asking Price: $950,000.00.
Property Type: Business
Building Amenities: Air Conditioning
Business Type: Office
Amenities Nearby: Recreation, Shopping
Zoning Description: CDM