19777 Route 2 Hunter River, Prince Edward Island C0A 1N0
$749,500
19777 Route 2!...Introducing an exceptional investment opportunity nestled in the heart of Hunter River, this mixed-use commercial property boasts a total of 5000 sq. ft. The versatile space includes commercial and office areas, along with three rental units, ensuring a dynamic income stream. Originally leased by Subway, the commercial space, spanning approximately 2000 sq. ft., is now available for the next lucrative business venture. The property's mixed-use commercial zoning provides flexibility for various enterprises, capitalizing on its prime location and high exposure. The three rental units, featuring 2 three-bedroom and 1 two-bedroom units, are fully occupied, offering a steady income. Each unit is equipped with a heat pump, ensuring comfort for tenants. Additionally, a shared laundry facility enhances the property's convenience and desirability. A testament to modernization, the building underwent extensive renovations in 2017 and it was completely gutted. new windows, doors, trims, steel roof, all flooring, heat pumps and the list goes on. These improvements not only enhance the property's aesthetic appeal but also contribute to its long-term durability and low maintenance. Strategically positioned in a location with high visibility, this investment property presents an excellent opportunity for those seeking a blend of commercial and residential income. With a solid rental history and recent renovations, it stands as a sound investment choice in the vibrant community of Hunter River. All measurement are approximate and should be verified by the purchaser. (id:56197)
Business
| Business Type | Restaurant |
| Business Sub Type | Restaurant |
Property Details
| MLS® Number | 202421946 |
| Property Type | Other |
| Community Name | Hunter River |
Building
| Constructed Date | 1952 |
| Flooring Type | Other |
| Stories Total | 2 |
| Size Interior | 5000 Sqft |
| Total Finished Area | 5000 Sqft |
| Utility Water | Ground-level Well |
Parking
| Parking Space(s) | |
| Paved Yard | |
| Visitor Parking |
Land
| Acreage | No |
| Size Irregular | 0.19 Acre |
| Size Total Text | 0.19 Acre|under 1/2 Acre |
| Zoning Description | Mixed Use |
https://www.realtor.ca/real-estate/27400644/19777-route-2-hunter-river-hunter-river
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E 3J3
(902) 628-6500
royallepagepei.ca/
87 John Yeo Drive Unit 1
Charlottetown, Prince Edward Island C1E 3J3
(902) 628-6500
royallepagepei.ca/
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November 18 2024 02:12:03
Prince Edward Island Real Estate Association
Royal LePage Prince Edward Realty