21-23 Corey King Drive, Mount Pearl, NL, A1N 0A5

MLS® # 1291169

Commercial For Sale In Pearlview, Mount Pearl, Newfoundland and Labrador

$2,200,000

None Beds

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21-23 Corey King Drive, Mount Pearl, NL, A1N 0A5

$2,200,000

Property Information:

Own your own facility in prestigious Kenmount Business Park! This modern 7,500 sq ft building features high office content (48%), excellent highway access, and room to grow on 1.72 acres. Currently generating lease revenues from quality (2) tenants (month-to-month and 6-month existing tenant terms), 3,600 sq. ft. unit 1; 3900 sq. ft. unit 2; this property offers owner-operators the opportunity to occupy part of the building while tenants help pay the mortgage. Plus 0.82 acres of excess developable land. The total land parcel is situated within a commercial condominium corporation, allowing for flexibility in building and selling, or building and leasing, future buildings on site. Located in an area within walking distance to the new hospital under construction, where serviced commercial land trades at $450,000-$550,000 per acre, this offers immediate income while you plan your development—zoned Industrial-Light with flexible permitted uses. Rare opportunity to acquire land with income to offset carrying costs.

Property Features:

Annual Tax Amount: $11,210
Built in: 2015
Construction: Steel Frame
Fire Protection: Alarm, Smoke Detector
Floor Space (approx): 7500 Square Feet
Heating Cooling: Baseboard, Electric
Property Size: 1.0 -2.99 Acres
Title: Freehold
Utilities: Municipal Water, Sewer
Zoning: Commercial

Data provided by: Newfoundland and Labrador Association of REALTORS® 28 Logy Bay Road, St. John’s, Newfoundland A1A 1J4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Notes:

Zack Howard

Salesperson/REALTOR® Royal LePage Atlantic Homestead *

Mobile:709.771.0255

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Market Price Trends

All Properties

12.58%

Price change (1 year)

50.08%

Price change (5 years)

Location of 21-23 Corey King Drive, Mount Pearl, NL, A1N 0A5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Low

23 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Low

23 hot days expected in 2050

12/100

Low

ClimateCheck®

Current data

This property, 21-23 Corey King Drive , experiences 7 hot days per year at around 25.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 23 hot days at 27.4 degrees Celsius.

Projected Avg. Temperature

Past

25.1℃

2050

27.4℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

85/100

High

ClimateCheck®

Current data

This property, 21-23 Corey King Drive , experiences 11 significant 2-day storms per year, with about 428.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 555.6mm of precipitation per year.

Precipitation Per Storm

Past

428.3mm

2050

555.6mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 21-23 Corey King Drive, Mount Pearl, NL, A1N 0A5

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$134,485.31

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.26 %

High school certificate or equivalent

23.57 %

Apprenticeship trade certificate/diploma

7.39 %

College/non-university certificate

31.33 %

University certificate (below bachelor)

0.78 %

University Degree

24.67 %

Commuter

Travel To Work

By Car

93.46 %

By Public Transit

0.68 %

By Walking

2.09 %

By Bicycle

0.0 %

By Other Methods

3.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.2 %

Houses

97.8 %

Own Vs. Rent

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21-23 Corey King Drive, Mount Pearl, NL, A1N 0A5 $2,200,000 MLS® # 1291169