Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

67 King Street, Prince Edward County, ON K0K 2T0 (Centre Street)
$ 2299000 - MLS : X12293108

From Our Gallery

Description

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.

Location Description

Centre Street

Property Detail

Community: Picton Ward
Property Type: Tenant/Commercial
Garages: Reserved/Assignd
Annual Property Taxes : $ 32060

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : Reserved/Assignd

Amenities

Heating : Gas Forced Air Open

Listing Contracted With: GORDON'S DOWNSIZING & ESTATE SERVICES LTD.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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