Property Type: Building
Zoning Type: Commercial

601 Read Drive, Summerside, PE, C1N 5C2

This exceptional commercial property presents a unique opportunity as it is currently divided into two separate units. Boasting over 24,000 square feet, 7,000 square feet already leased on one side by City Flooring, there is an immediate income stream in place. However, the possibilities for this building and property extend far beyond its current configuration. Sitting on a spacious 3.14-acre parcel with excellent highway exposure, this property offers endless possibilities for expansion and development. The existing division into two separate units provides flexibility for various business ventures. You can capitalize on the existing income stream from the leased unit while exploring the potential of the remaining space. The property's prime location and ample space make it perfect for a retail/warehouse mix or even a manufacturing facility with a showroom. The mezzanine overlooking the showroom floor adds an additional level of functionality and visual appeal. With the additional lot included, there is further room for expansion or alternative revenue-generating opportunities. You can consider adding onto the current building, expanding the driveway space, or even selling the .66-acre lot next to the building. The property's positioning on a hill enhances its visibility and makes it a standout location for those driving into Summerside. Its C-2 zoning designation allows for a wide range of commercial uses, providing even more flexibility for your business plans. Take this opportunity to capitalize on the property's prime location, income potential, and ample space. Explore the possibilities, unlock its full potential, and make this property the foundation for your business' success.

Contact Person: Corey Ross
Company: Century 21 Northumberland
TEL: 902-315-3778
PROPERTY DETAILS: Current/Previous Use: Retail and storage
MLS: 202312784
Multi-tenant building: Yes
Building Age: 48 years
Number of Floors: 2
Heating/Cooling: A/C, ventilation system
Lot Size: 3.14 acres
Entire Building sq/ft.: 25,782
Parking: Dedicated parking lot
Networked: Yes
Loading Doors: Yes
Restrooms: Yes
TERMS: Sale Price: $1,500,000
UTILITIES: Power on Site: Yes
Telecom on Site: Yes