114-118 Main Street St. Lunaire-Griquet, Newfoundland & Labrador A0K 2X0
$199,900
Excellent, turnkey property close to the World Heritage site at L'Anse aux Meadows. There are 4 short term rental units that generate gross income of between $60,000 and $90,000 annually, plus a large apartment either for rent or owner home. Season starts in April and May (Polar Bear and Iceberg season). Mid May through September is the busy season. The property has space for up to 18 more hotel rooms or 10 1-bdrm residencies. Ideal for investor or handyman. Property sits on almost 4 acres suitable for RV sites etc. Property overlooks beautiful Bay full of islands. This is the closest hotel to the Viking site. Owners retiring. Here's where this property stands out: -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: With modifications, the building could have 15 1-bedroom units or 25 hotel-style rooms. Income potential for short-term rentals projected to yield $175-$225 per night per room or around $900 per month long-term per room. -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 gaming arena with activities like paintball, airsoft, and Gellyball as well as an axe-throwing room and a party room, catering to all. (id:51189)
Business
| BusinessType | Accommodation, Other, Residential, Service |
| BusinessSubType | Hotel, Mixed - IC&I, Residential, Miscellaneous services |
Property Details
| MLS® Number | 1281563 |
| Property Type | Retail |
| AmenitiesNearBy | Recreation, Shopping |
| ViewType | Ocean View, View |
Building
| Amenities | Recreation Centre, Exercise Centre, Laundry Facility, Living Accommodation |
| ConstructedDate | 1969 |
| CoolingType | Air Exchanger |
| FlooringType | Carpeted, Laminate, Mixed Flooring, Other |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters, Radiator, Space Heater |
| SizeInterior | 25000 Sqft |
| Type | Commercial Mix |
Land
| AccessType | Rail Access, Right-of-way, Year-round Access |
| Acreage | No |
| LandAmenities | Recreation, Shopping |
| LandscapeFeatures | Partially Landscaped |
| SizeIrregular | 3.8 Acres |
| SizeTotalText | 3.8 Acres |
| ZoningDescription | Com/res |
https://www.realtor.ca/real-estate/27890700/114-118-main-street-st-lunaire-griquet
Interested?
Contact us for more information
Michael Samson
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
Justin Hollett
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
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February 07 2025 04:53:53
The Newfoundland & Labrador Association of REALTORS®
Keller Williams Platinum Realty
