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Price on request
—
Asset Class
Office
Size
—
Building class
B
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
85%
Year Built
1978
Lot Size
2 ac
Position your business for success with approximately 30,000 sq. ft. of versatile commercial space in a well-established Charlottetown business area. Offering approximately 15,000 sq. ft. on each of two levels, this property provides the space, infrastructure, and flexibility to accommodate a wide range of professional and commercial uses. Previously utilized as a large call centre, the building was designed to support the day-to-day operations of a substantial workforce in a professional setting. The existing layout includes more than 100 workstations, multiple manager and private offices, meeting rooms, a boardroom, a training room, a spacious lunch room and a large, welcoming reception area, plus additional areas that can be adapted to suit a new tenant's needs. For businesses requiring less space, the layout also offers flexibility to be reconfigured into smaller office areas, creating opportunities for a variety of occupancy requirements. Outside, 110+ parking spaces provide exceptional convenience for employees and visitors. Public transit is equally accessible, with a bus stop directly at the property, while a daycare located across the street adds another practical advantage for today's workforce. Whether you're an established Island business planning your next stage of growth or an organization considering a move to Prince Edward Island, this property presents an opportunity to establish your operations in a spacious and adaptable commercial environment with the capacity to grow alongside your business. Available for lease. Explore the possibilities at 50 Watts Avenue and discover a space that can be tailored to your organization's future. Please note: Select exterior photos have been digitally altered solely to illustrate tidied landscaping; the building itself has not been digitally modified. (id:66811)
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Monthly debt service
$7K
Projected NOI
$70K
Annual cash flow
$-13K
Cash-on-cash
-2.97%
DSCR
0.84
Going-in cap
4.65%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
84,824
Households
30,972
Median income
$85,000
Median age
39.6
Daytime population
138,002
5-yr growth
7.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 50 Watts Avenue, Charlottetown.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.