$1,500,000 FOR SALE

Commercial/Retail

601 Read Drive
Summerside, PE C1N 5C2

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:47423)

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Listed By CENTURY 21 NORTHUMBERLAND REALTY
Data Provided By Prince Edward Island Real Estate Association
MLS® Listing Number 202312784
Last Updated Mar 25, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Warehouse
Community Summerside
Price History
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Detailed Information
Amenities Nearby Highway
Community Features High Traffic Area, Public Washrooms
Listing Contract Date 2023-06-23
Location Description Heading north on Read Drive, property on the right. 601 Read Drive.
Municipal ID 486423
Property Type Other
Transaction Type For sale
Zoning Description C-2
Business
Business Type Industrial, Other, Other
Business Subtype Warehouse, Other, Offices
Building
Amenities Air Conditioning
Constructed Date 1976
Construction Material Steel frame
Cooling Type Ventilation system
Flooring Type Concrete, Other
Stories Total 2
Total Finished Area 25782 sqft
Utility Water Municipal water
Parking Spaces
Name Spaces
Parking Space(s)
Paved Yard
Gravel
Land
Total Size 3.14 Acres | 3 - 10 acres
Access Type Highway access
Acreage Yes
Amenities Highway
Size of Irregular Land 3.14 Acres

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