601 Read Drive Summerside, Prince Edward Island C1N 5C2
$1,800,000
LOCATION LOCATION LOCATION! This exceptional commercial property presents a unique opportunity as it is currently divided into two separate units. Boasting over 24,000 square feet, 7,000 square feet already leased on one side by City Flooring, there is an immediate income stream in place. However, the possibilities for this building and property extend far beyond its current configuration. Sitting on a spacious 3.14-acre parcel with excellent highway exposure, this property offers endless possibilities for expansion and development. The existing division into two separate units provides flexibility for various business ventures. You can capitalize on the existing income stream from the leased unit while exploring the potential of the remaining space. The property's prime location and ample space make it perfect for a retail/warehouse mix or even a manufacturing facility with a showroom. The mezzanine overlooking the showroom floor adds an additional level of functionality and visual appeal. With the additional lot included, there is further room for expansion or alternative revenue-generating opportunities. You can consider adding onto the current building, expanding the driveway space, or even selling the .66-acre lot next to the building. The property's positioning on a hill enhances its visibility and makes it a standout location for those driving into Summerside. Its C-2 zoning designation allows for a wide range of commercial uses, providing even more flexibility for your business plans. Take this opportunity to capitalize on the property's prime location, income potential, and ample space. Explore the possibilities, unlock its full potential, and make this property the foundation for your business's success. (id:49534)
Business
| Business Type | Industrial, Other, Other |
| Business Sub Type | Warehouse, Other, Offices |
Property Details
| MLS® Number | 202312784 |
| Property Type | Other |
| Community Name | Summerside |
| Amenities Near By | Highway |
| Community Features | High Traffic Area, Public Washrooms |
Building
| Amenities | Air Conditioning |
| Constructed Date | 1976 |
| Construction Material | Steel Frame |
| Cooling Type | Ventilation System |
| Flooring Type | Concrete, Other |
| Stories Total | 2 |
| Size Interior | 25782 |
| Total Finished Area | 25782 Sqft |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Paved Yard | |
| Gravel |
Land
| Access Type | Highway Access |
| Acreage | Yes |
| Land Amenities | Highway |
| Size Irregular | 3.14 Acres |
| Size Total Text | 3.14 Acres|3 - 10 Acres |
| Zoning Description | C-2 |
https://www.realtor.ca/real-estate/25754267/601-read-drive-summerside-summerside
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June 26 2023 07:11:57
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