Property Information:

Exceptional Investment on Historic Water Street in Downtown St. John’s. This is a rare opportunity to own a fully leased mixed-use property in one of the city’s most desirable locations. Situated at 202 Water Street, the building features two commercial storefronts on the main and second floors, along with a residential apartment on the third floor, offering a strong tenant mix and dependable income. Generating an annual income of approximately $67,000, this property provides both consistent cash flow and long-term value. Located along the designated Pedestrian Mall, it benefits from some of the highest foot traffic during the summer months, making it an ideal spot for retail or service-based businesses. With its classic brick façade, excellent street visibility, and prime downtown setting, this property is perfect for investors looking to expand their portfolio or buyers seeking a signature commercial space in one of St. John’s most vibrant areas. (id:27)