210 Pennywell Road,St. John's, NL A1C2L6
St. John's, NL A1C2L6
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:13843)
Details
| MLS # | 1297894 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial Mix |
| Status | Active |
| Days On Site | 156 |
| Listing Provided By | RE/MAX Infinity Realty Inc. - Sheraton Hotel | Donald Pacholka |
Features
| SQ Feet | 3,136 |
|---|---|
| Zoning | Res / Comm |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
Taxes
| Tax Annual Amount | 6995 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | NL |
|---|---|
| City | St. John's |
| Postal Code | A1C2L6 |
| Listing VS Median (in A1C2L6) | |
Price: $399,900 low | high Med: $202,700 sqft: 3,136 low | high Med: 3,136 $ / sqft: $128 low | high Med: $65 On site: 156 low | high Med: 88 | |
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Learn More About This Property
| Province | NL |
|---|---|
| City | St. John's |
| Postal Code | A1C2L6 |
| Listing VS Median (in A1C2L6) | |
Price: $399,900 low | high Med: $202,700 sqft: 3,136 low | high Med: 3,136 $ / sqft: $128 low | high Med: $65 On site: 156 low | high Med: 88 | |
