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:33212)
| BusinessType | Other, Other, Other |
| BusinessSubType | Professional office(s), Other, Offices |
| MLS® Number | 202418583 |
| Property Type | Office |
| Community Name | Summerside |
| EquipmentType | Propane Tank |
| RentalEquipmentType | Propane Tank |
| ViewType | View Of Water |
| Amenities | Air Conditioning |
| ConstructedDate | 1992 |
| ConstructionMaterial | Wood Frame |
| FlooringType | Concrete |
| SizeInterior | 19987 Sqft |
| TotalFinishedArea | 19987 Sqft |
| UtilityWater | Municipal Water |
| Parking Space(s) | |
| Paved Yard | |
| Visitor Parking | |
| Other |
| Acreage | Yes |
| LandDisposition | Cleared |
| SizeTotalText | 1 - 3 Acres |
| ZoningDescription | Commerical |
https://www.realtor.ca/real-estate/27246743/243-heather-moyse-drive-summerside-summerside
Fiona Liu
Zheng Fan
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