Seize the opportunity to own approximately 20,000 SqFt of prime commercial property in picturesque Prince Edward Island. This well-maintained building is strategically located and comes with the added advantage of two long-term leases in place, securing income from both private and government tenants. From a development perspective, it doesn't get much better than this. A 20+ Storey Condominium Development would be ideal on this property. Benefit from established, long-term leases with reputable private and government organizations, ensuring reliable cash flow and a very attractive Cap Rate. Situated in a high-traffic area, providing excellent visibility and accessibility for your tenants and future ventures. Designed to accommodate a range of commercial uses, making it a flexible investment opportunity. The property has been meticulously cared for, with modern amenities and infrastructure in place. Whether you're an investor looking for a secure income stream or a business owner seeking a strategic location, this property offers a unique opportunity to capitalize on PEI's thriving commercial market. (id:47421)
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Detailed Information
Equipment
Propane Tank
Listing Contract Date
2024-08-02
Municipal ID
780221
Ownership Type
Freehold
Property Type
Office
Rental Equipment
Propane Tank
Transaction Type
For sale
Views
View of water
Zoning Description
Commerical
Business
Business Type
Other, Other, Other
Business Subtype
Professional office(s), Other, Offices
Building
Amenities
Air Conditioning
Constructed Date
1992
Construction Material
Wood frame
Flooring Type
Concrete
Total Finished Area
19987 sqft
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Parking Space(s)
Paved Yard
Visitor Parking
Other
Land
Total Size
1 - 3 acres
Acreage
Yes
Disposition Features
Cleared
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