Last Sold Price
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Overview
Key Facts
Type Mixed Use
Levels Commercial Sale
Size 3136 sqft
Garage
Taxes $6,995
Days Active 11
Lot Size
Approx. Age
Avg. Price Per Sqft $127
MLS® Number 1297894
Property Address: 210 Pennywell Rd, Saint Johns, NL, A1C2L6
Average square foot calculated using Size range provided by listing agent.
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:58753)Show Description
MLS® Number1297894
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatBaseboard heaters, Electric
A/C
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $399,900
For Sale · 144 days
$399,900
MLS® 1297894
5 months ago
Not Sold Yet
October 2026, For Rent for $5,500
For Rent · 7 days
$5,500
MLS® 1304027
8 days ago
Not Leased Yet
May 2026, For Sale for $399,900
For Sale · 144 days
$399,900
MLS® 1297894
5 months ago
Not Sold Yet
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