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210 Pennywell Road
210 Pennywell Road
NEW
St. John's, Newfoundland & Labrador
$399,900
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Quick Summary
Location
St. John's, Newfoundland & Labrador
Price
$399,900
Building Type
Commercial Mix
Property Type
Retail
Status
For sale
Area
3136 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A1C 2L6
MLS®
1297894
Courtesy Of
RE/MAX Infinity Realty Inc. - Sheraton Hotel
Database ID:66956 DDF Feed ID: 29788978 Latitude: 47.559974 Longitude: -52.726668
Property Description
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. (id:47053)
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I would like more information about 210 Pennywell Road, St. John's, listed for $399,900.
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Building Information
Building Type: Commercial Mix
Area: 3136 sqft
Baseboard heaters
Electric Heat
Full Details
General
MLS® Number:
1297894
Equipment Type:
Propane Tank
Ownership Type:
Freehold
Price:
$399,900
Property Type:
Retail
Rental Equipment Type
Propane Tank
Transaction Type:
For Sale
Zoning Description:
Res / Comm
More Information Link:
https://www.realtor.ca/real-estate/29788978/210-pennywell-road-st-johns
Land
Size Total Text:
72x49x75x49x150|4,051 - 7,250 sqft
Access Type:
Year-round access
Amenities:
Highway, Recreation, Shopping
Landscape Features:
Partially landscaped
Size Irregular:
72x49x75x49x150
Building
Heating Fuel:
Electric
Heating Type:
Baseboard heaters
Size Interior:
3136 sqft
Type:
Commercial Mix
Listing information last updated on 2026-05-22 09:53:02 -0230
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