Property Type: Building
TERMS: Sale
Zoning Type: Commercial

227-239 Water Street, Summerside, PE, C1N 1B4

Prime Mixed-Use Investment Opportunity in Downtown Summerside! This incredibly rare offering presents a meticulously maintained building with 16 residential units and 8 diverse commercial spaces (retail and restaurant) right in the heart of the city. Boasting 100% occupancy with exceptional tenants and a high capitalization rate, enjoy a highly visible location on a busy street with abundant foot traffic, complemented by ample public parking at the rear on First Street. A solid foundation ensures lasting value in this high-demand asset. This property is a smart and secure investment, priced to sell quickly.

Contact Person: Eva Clow
Company: Royal LePage Prince Edward Realty
WEB: https://www.royallepage.ca/en/agent/prince-edward-island/charlottetown/eva-clow/86367/
EMAIL: evaclow@royallepage.ca
TEL: 902-338-1210
PROPERTY DETAILS: Current/Previous Use: Commercial and residential
MLS: 202522076
Multi-tenant building: Yes
Building Age: 57 years
Number of Floors: 3
Heating/Cooling: A/C, ventilation system
Lot Size: 0.43 acres
Entire Building sq/ft.: 26,532
Parking: Lot behind bldg, street parking
Sprinklered: Yes
Security: Security system, monitored alarm, smoke detectors
Networked: Yes
TERMS: Sale Price: $1,999,999
UTILITIES: Power on Site: Yes
Telecom on Site: Yes