19987 sqft
Acreage
$3,990,000
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:27714)
Business
Business Type
|
Other, Other, Other |
Business Sub Type
|
Professional office(s), Other, Offices |
Property Details
MLS® Number
|
202418583 |
Property Type
|
Office |
Community Name
|
Summerside |
Equipment Type
|
Propane Tank |
Rental Equipment Type
|
Propane Tank |
View Type
|
View Of Water |
Building
Amenities
|
Air Conditioning |
Constructed Date
|
1992 |
Construction Material
|
Wood Frame |
Flooring Type
|
Concrete |
Size Interior
|
19987 Sqft |
Total Finished Area
|
19987 Sqft |
Utility Water
|
Municipal Water |
Parking
Parking Space(s)
|
|
Paved Yard
|
|
Visitor Parking
|
|
Other
|
|
Land
Acreage
|
Yes |
Land Disposition
|
Cleared |
Size Total Text
|
1 - 3 Acres |
Zoning Description
|
Commerical |
https://www.realtor.ca/real-estate/27246743/243-heather-moyse-drive-summerside-summerside