210 Pennywell Road, St John S
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:1945)
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Property details for 210 Pennywell Road, St John S
- Type
- Commercial
- Living Area
- 3,136 square feet
- Lot Size
- 72x49x75x49x150
- Heating
- Baseboard heaters, Electric
- Ownership
- Freehold
- Annual Taxes
- $6,995
Nearby Listings Stat
Estimated price and comparable properties near 210 Pennywell Road
Active Listings
33
Min Price
$13
Max Price
$5,900
Avg Price
$1,785
Days on Market
152
days
Sold Listings
5
Min Sold Price
$23
Max Sold Price
$5,000
Avg Sold Price
$2,585
Days until Sold
82
days
Neighbourhood Census Data
St. John's, Newfoundland and Labrador / Terre-Neuve-et-Labrador
Population
492
Median Age
41.9
Median Income
$25,184
Dwelling Value
$240,374
Housing Tenure
Owners 40%
Renters 60%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.8
Pop. Density: 2,524.4/km²
Avg Shelter Cost: $1,094/mo
Owners with Mortgage: 61.5%
Owners Spending 30%+: 19.2%
Tenants Spending 30%+: 59.5%
English only: 94.9%
English and French: 6.1%
Median Household Income: $38,528
Median Employment Income: $27,328
Price History
Listed
October 5, 2026
by RE/MAX Infinity Realty Inc. - Sheraton Hotel
Current Price
$5,500
Type
Commercial
For Rent
