Space
Finished area and layout
- Living Area
- 3,400 sqft
+10 more
3,400 sqft
Living Area
9375 sf
Lot
1969
Year Built
Property Snapshot
Key details for this listing
MLS #1302022
Property
Type, style and structure
- Type
- commercial
- Style
- retail / Retail
- Ownership
- Freehold
- Stories
- 2
- Year Built
- 1969
About This Property
This retail in Mount Pearl offers 3,400 sqft of living area on a 9375 sf lot. Built in 1969, 2 storeys. The home features laminate flooring, baseboard heaters, electric, mini-split heating, air exchanger.
MLS Remarks
125 Park Avenue offers a rare opportunity to acquire an established income-producing commercial/residential property with approximately 3,400 sq. ft. of finished space, extensive restaurant infrastructure and equipment, residential accommodations, exceptional on-site parking, and an established tenant already in place. The property underwent extensive redevelopment beginning in 2017, with much of the building taken back to the studs. As part of the reno, the building was raised, a new foundation was poured, the upper level was expanded, and significant upgrades were completed throughout. The main level is currently configured and operating as a fully equipped restaurant with seating for approximately 36 to 40 patrons. Major infrastructure and equipment include two commercial gas ranges, commercial hood and ventilation system with integrated fire-suppression system, commercial refrigeration units, a stand-up freezer, service and preparation areas, sinks, shelving, tables, chairs, and additional restaurant fixtures and equipment. Much of the costly infrastructure required for continued food-service use is already installed and operational. The upper level provides a unique residential component featuring four bedrooms, each with its own private ensuite bathroom, together with a shared kitchen, laundry facilities, and generous storage space. The property offers on-site parking for 16 to 18 vehicles, along with a separate shed providing additional storage for inventory, supplies, and equipment. The downstairs restaurant portion of the building will be vacant as of November 30, 2026. 3 of the 4 upstairs upstairs rooms are currently rented by residential tenants. With established tenancy, extensive restaurant infrastructure, four private ensuite bedrooms, substantial redevelopment, ample parking, and extensive equipment included, 125 Park Avenue presents a compelling opportunity for an investor or future owner-operator in the heart of Mount Pearl. (id:60351)
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