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$ 2,900,000
Est. payment | /mo
9,900 SqFt
$ 2,900,000
Est. payment | /mo
9,900 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,900 sqft
Price per Sqft $292
Subdivision Picton
MLS Listing ID X12405042
Annual Tax Amount $8,706
Tax Year 2025
Property Sub-Type Investment
Property Description
Investment property for sale in an excellent location in the heart of downtown Picton. Two retail storefronts, with an additional leased building behind. Main floor commercial Tenants are well established, a restaurant, a hair salon, and a pottery studio + gallery. Above are five residential apartments which were fully renovated in 2021 including new heat pumps for all units. Potential to increase income by leasing additional owner occupied spaces: 1) Rear building lower level approximately 1000 sf and 2) garage building at the back of the property. The property is two pieces divided by municipal parking road access behind the building. Net Operating Income for the property supports the asking price for this investment.
Location
Province ON
County Prince Edward County
Community Picton
Area Prince Edward County
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 57.0
Lot Depth 180.0
Listed by CENTURY 21 LANTHORN REAL ESTATE LTD.
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