+15 more
36,373 sqft
Lot
About This Property
This office in Prince Edward County offers a 36,373 sqft lot. The property has cross street Centre Street, zoned CG-6 General Commercial Zone. The home features yes.
MLS Remarks
Offered at a 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. Site zoned CG-6 with full municipal services. The building, originally built in 1970 and totally renovated in 1993, features concrete block construction, acrylic stucco exterior, and a TPO flat roof 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.
Inclusions
None
Property History
MLS# X12293108| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Jul 18, 2025 | Listed For Sale | X12293108 | $2,299,000 | — |
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Overview
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