107 Lincoln Road photo 11 / 47

MLS #1297408

107 Lincoln Road

Grand Falls-Windsor

$539,000

4,419 sqft
Other
Source Listing

Property Details

FOR SALE – Multi-Use Commercial Building with Income Potential. This well-maintained property is centrally located in a high-traffic area, just minutes from the hospital and other town amenities. The lot offers ample parking for both clients and staff, making it ideal for a variety of business operations. The main floor, formerly home to a successful salon for the past 16 years, is move-in ready for a similar business but also offers endless potential for redevelopment—such as converting the space into apartment units (subject to town approval). The basement level is divided into six heated storage units, rented on a monthly basis—providing steady supplementary income. A convenient overhead door allows easy loading and access for tenants. Upstairs, the second floor features modern living accommodations approximately 1,200 sq. ft. including: Foyer and laundry/utility area; spacious living room; eat-in kitchen with oak cabinets and quality appliances; two bedrooms, including a large primary suite with walk-in closet and custom 3-piece ensuite; full bathroom; generous storage space throughout; access to a front deck off kitchen; crown moldings; laminate flooring added in recent years. Each level has separate electrical meters. The building has been well cared for with numerous upgrades, making it an outstanding investment opportunity for entrepreneurs, investors, or owner-operators seeking to live and work under one roof. Don’t miss this chance to own this property with proven income potential in the heart of Grand Falls-Windsor! (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$539,000
Down Payment - 6%$32,340
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,918

Mortgage Payment
$3,036
Property Tax
$382
Insurance
$150
Utilities
$350
Down Payment
$32,340
Loan Amount
$506,660
Total Interest
$404,185

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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