About 67 King Street
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.
Features of 67 King Street
| MLS® # | X12293108 |
|---|---|
| Price | $2,299,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 67 King Street |
|---|---|
| Area | Prince Edward County |
| Subdivision | Picton Ward |
| City | Prince Edward County |
| Province | ON |
| Postal Code | K0K 2T0 |
Amenities
| Parking Spaces | 55 |
|---|---|
| Garages | Reserved/Assignd |
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Open |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Listing Details
| Office | GORDON`S DOWNSIZING & ESTATE SERVICES LTD. |
|---|