Property Type: Building
Zoning Type: Commercial

340 Water Street, Summerside, PE, C1N 1C3

340 Water Street is a historical commercial building built in the 1800s in the heart of downtown Summerside. This property has one of the most spectacular views in PEI, borders the Confederation Trail, and overlooks the Summerside Harbour. You are close to all downtown amenities, walking distance to a local college, and all the harbour. As one of the largest 3 storey buildings remaining for sale in Summerside, the building can be used as a mix of commercial and residential. The building has approx 15,000 sq ft over three floors. it was used as a manufacturing and warehousing operation and is extremely sturdy with 10 and 12 ft ceilings and post and beam construction. 3 floors can easily be built to accommodate 10 residential units and retail or a restaurant on the main floor. We believe it could support $350k in rental revenue per year. This building has been gutted to its core and is ready for renovations. It includes 13' exterior walls, a full dry sprinkler system, and 152' of wall space along the south side facing the waterfront. Has 400 Amp and 3 phase wiring. 1,800 sq ft studio apartment on main floor with separate entrance. Plans available upon request.

Contact Person: Taralynn Arsenault
Company: Keller Williams Select Realty
TEL: 902-315-2892
PROPERTY DETAILS: Current/Previous Use: Manufacturing, residential
MLS: 202219656
Building Age: 142 years
Number of Floors: 3
Lot Size: 0.25 acres
Total sq/ft.: 15,000
Sprinklered: Yes
TERMS: Sale Price: $1,500,000