125-127 Park Avenue Mount Pearl, Newfoundland & Labrador A1N 1J8
$975,000
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:49203)
Business
| Business Type | Restaurant, Residential |
| Business Sub Type | Restaurant, Residential |
Property Details
| MLS® Number | 1302022 |
| Property Type | Retail |
| Equipment Type | Propane Tank |
| Rental Equipment Type | Propane Tank |
| Storage Type | Outside Storage, Storage Shed |
Building
| Amenities | Air Conditioning |
| Constructed Date | 1969 |
| Cooling Type | Air Exchanger |
| Flooring Type | Laminate |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Mini-split |
| Stories Total | 2 |
| Size Interior | 3,400 Sqft |
| Type | Special Purpose |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Size Irregular | 9375 Sf |
| Size Total Text | 9375 Sf|7,251 - 10,889 Sqft |
| Zoning Description | Commercial Mix |
https://www.realtor.ca/real-estate/30282083/125-127-park-avenue-mount-pearl
Contact Us
Contact us for more information
Michael Bursey
136 Crosbie Road, Suite 202
St. John's, Newfoundland & Labrador A1B 3K3
(709) 579-0021
(709) 579-7600
www.sellerschoice.c21.ca/
www.sellerschoice.c21.ca/
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October 22 2026 05:22:20
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