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67 King ST Prince Edward County, ON K0K 2T0
12,392 SqFt
UPDATED:
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
Listed by GORDON`S DOWNSIZING & ESTATE SERVICES LTD.