$ 2,299,000
-
$2,299,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing 278400 -
Offered at a 6.6% CAP Rate. Turnkey three-unit commercial investment in downtown Picton rented to government and institutional tenants that have been in place since 1993. Long-term leases in place with automatic renewals at market rent. 12,392 sq. ft. building on 0.835 acres with 55 on-site paved parking spaces and additional municipal lots and free parking steps away, and green space at the back of the property. The site is zoned CG-6 with full municipal services. The building, originally built in 1970 and fully renovated in 1993, features concrete block construction, an acrylic stucco exterior, and a TPO flat roof, which was replaced in 2020. Separately metered units with 3-phase 400-amp service, 5 rooftop HVAC units, a fire alarm system, and an elevator (tenant-maintained). Unit 1: 6,596 sq. ft. completely renovated in 2024 on two floors, Unit 2: 4,967 sq. ft., Unit 3: 829 sq. ft. The rent is calculated on 11,688 sq. ft. of net inside floor space. No easements or rights-of-way. The building is located 1 block from the center of Main Street, Picton.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
X13532334
Year Built
Total Square Footage
0
Lot/Acreage
12392
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Yes
- Heating: Gas Forced Air Open
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Reserved/Assignd,No Garage
Financial Details
- Tax Amount: $31,365
- Taxes w/Assessments: N/A
- Tax/Property ID: 550610172
- Tax Year: 2025
Payment Calculator
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67 King St Prince Edward County, ON K0K 2T0
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