$5,500 Rent

Listed 7 days ago

210 Pennywell Road

MLS® 1304027 Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 3136

Key Facts

Key facts for 210 Pennywell Road

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

1304027

Size

3136 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

For Sale at $399,900 or for lease at $5500 POU. Ideal owner-operator restaurant opportunity in the center of St. John's. Operating as the well-known New City Restaurant, this high-visibility property successfully served the community for more than 25 years and offers outstanding potential for a wide... range of future uses. Ideally located just moments from downtown, Ropewalk Lane, Memorial University, the Avalon Mall, major amenities, and key transportation routes, this property combines convenience, exposure, and long-term upside in one strategic location. The longstanding restaurant operation may support future discretionary commercial use opportunities subject to City approvals, while the existing layout and history provide an excellent foundation for a purchaser looking to bring new life and vision to the space. Currently zoned R2, the property also presents significant redevelopment and residential intensification potential. The building includes a spacious 6-bedroom apartment, creating additional income potential for investors or flexibility for owner occupancy, staff accommodations, or future redevelopment concepts. Whether you're an entrepreneur, investor, restaurateur, or developer, this property offers exceptional value and upside potential in a rapidly evolving area of the city. The property is being offered in its current condition and presents an excellent opportunity for purchasers looking to renovate, reposition, or customize the property to suit their vision. Rarely do opportunities with this combination of location, history, zoning flexibility, and future potential become available. Note - basement not included in total square footage. Please see the 3d tour. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

3136 sqft

Heating Source

Electric

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

3136 sqft

Heating Source

Electric

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Exterior

Acreage

72x49x75x49x150|4,051 - 7,250 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Description

Res / Comm

Land Amenities

Highway, Recreation, Shopping

Acreage

72x49x75x49x150|4,051 - 7,250 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Description

Res / Comm

Land Amenities

Highway, Recreation, Shopping

Building Description

Home Type

Commercial

Subtype

Commercial Mix

Home Type

Commercial

Subtype

Commercial Mix

Community

Central

Area Code

St. John's

Community

Central

Area Code

St. John's

Other

Virtual Tour Link

https://my.matterport.com/show/?m=Mu7gMqC4Pit

Virtual Tour Link

https://my.matterport.com/show/?m=Mu7gMqC4Pit

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Kevin Martin

Email: [email protected] Cell: 709-687-1990