340 Water Street Summerside, Prince Edward Island C1N 1C3
$1,500,000
Don't miss this fantastic development opportunity! 340 Water Street is a historical commercial building built in the 1800?s in the heart of downtown Summerside and adjacent the ocean. This property has one of the most spectacular views in PEI, borders the Confederation Trail and overlooks picturesque Summerside Harbour. The sunsets are unbelievable. You are close to all downtown amenities, walking distance to a local college and all the harbour.. As one of the largest 3 storey buildings remaining for sale on the Summerside downtown waterfront. the building can be used as a mix of commercial and residential. The building has approx 15,000 sq ft over three floors. it was used as a manufacturing and warehousing operation and is extremely sturdy with 10 and 12 ft ceilings and post and beam construction. 3 floors can easily be built to accommodate 10 residential units and retail or a restaurant on the main floor. We believe it could support 350K in rental revenue a year. This building has been gutted to it?s core and is ready for renovations. It includes: 13' Exterior walls, a full dry sprinkler system. 152 feet of wall space along the south side facing the waterfront. Borders on confederation trail. Has 400 Amp and 3 phase wiring. 1800 sq ft studio apartment on main floor with separate entrance. A wonderful building with lots of history. Would make great waterfront apartments. Restaurant etc.etc. Plans available upon request. (id:1834)
Business
| Business Type | Accommodation, Industrial, Other, Other, Personal Services, Recreation, Restaurant, Retail and Wholesale, Residential |
| Business Sub Type | Hotel/motel, Warehouse, Other, Offices, Hairdressing Salon, Recreation, Restaurant, Shopping center, Residential |
Property Details
| MLS® Number | 202219656 |
| Property Type | Industrial |
| Community Name | Summerside |
| Amenities Near By | Public Transit, Shopping, Water Nearby |
| Community Features | High Traffic Area |
| Equipment Type | Other |
| Rental Equipment Type | Other |
| View Type | Ocean View, View Of Water |
Building
| Amenities | Laundry Facility, Living Accommodation |
| Constructed Date | 1880 |
| Construction Material | Wood Frame |
| Fire Protection | Sprinkler System-fire |
| Flooring Type | Heavy Loading, Wood, Other |
| Stories Total | 3 |
| Size Interior | 15000 |
| Total Finished Area | 15000 Sqft |
| Utility Water | Municipal Water |
Parking
| Parking Space(s) | |
| Paved Yard | |
| Visitor Parking |
Land
| Acreage | No |
| Land Amenities | Public Transit, Shopping, Water Nearby |
| Size Irregular | .249 |
| Size Total | 0.2490|under 1/2 Acre |
| Size Total Text | 0.2490|under 1/2 Acre |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/24759819/340-water-street-summerside-summerside
Interested?
Contact us for more information
Taralynn Arsenault
(902) 892-0994
(902) 315-2892
4-161 Maypoint Road
Charlottetown, Prince Edward Island C1E 1X6
(902) 812-1639
Chloe Costa
4-161 Maypoint Road
Charlottetown, Prince Edward Island C1E 1X6
(902) 812-1639
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October 22 2022 07:30:02
Prince Edward Island Real Estate Association
Keller Williams Select Realty