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$2,299,000
Available - For Sale
Listing ID: X12293108
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.
Price $2,299,000
Taxes: $32,060
Tax Type: Annual
Occupancy by: Tenant
Address: 67 King Stre , Prince Edward County, K0K 2T0, Prince Edward Co
Postal Code: K0K 2T0
Province/State: Prince Edward Co
Legal Description: LT 308-309 PL 24 PICTON; PT LT 307, 310-
Directions/Cross Streets: Centre Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Office
Building Percentage: T
Total Area: 12,392
Total Area Code:  Square Feet
Office/Appartment Area: 11688
Office/Appartment Area Code: Sq Ft
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
GORDON`S DOWNSIZING & ESTATE SERVICES LTD.

67 King Stre , Prince Edward County, K0K 2T0, Prince Edward Co


 
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Type: Com - Office
Area: Prince Edward County
Municipality: Prince Edward County
Neighbourhood: Picton Ward
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Approximate Age: 51-99
Tax: $32,060
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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