67 King ST Active Save Request In-Person Tour Request Virtual Tour
Prince Edward County,ON K0K 2T0
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 12,392 sqft
Price per Sqft $185
Subdivision Picton Ward
MLS Listing ID X12293108
Building Age 51-99
Annual Tax Amount $32,060
Tax Year 2025
Property Sub-Type Office
Property 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
Province ON
County Prince Edward County
Community Picton Ward
Area Prince Edward County
Zoning CG-6 General Commercial Zone
Interior
Cooling Yes
Inclusions None
Exterior
Utilities Available Yes
Lot Frontage 77.88
Others
Security Features Yes