










1/1211 Bayview Drive, Summerside, PE C1N3Z9
$399,000 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
96%
Lot Size
0.38 ac
A Unique Restaurant & Dairy Bar Opportunity in Summerside! Discover the potential of this move in ready and versatile restaurant and dairy bar property, offering an excellent opportunity for entrepreneurs, investors, or those looking to establish their own food service venture in Summerside. Featuring approximately 924 sq. ft. of restaurant space, this property is being offered as a turnkey opportunity, providing the next owner with the flexibility to continue its existing concept or introduce a fresh vision. With over 30 years of history as a local food service destination, it offers an established setting ready for its next chapter. The property features approximately 20 convenient parking spaces, easy access, wheelchair accessibility, and an additional 20 x 30 ft. storage building, offering valuable space for operational and storage needs. Enjoy a location with convenient proximity to Summerside's golf course and scenic waterfront boardwalk, connecting the business to the city's recreational amenities and seasonal activity. Whether you envision a traditional dairy bar, a casual dining destination, or a new food service concept, this property offers an exciting opportunity to make your mark in Summerside. Bring your vision and explore the possibilities. Call today to arrange your private viewing! All measurements to be verified by the purchaser. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$25K
Annual cash flow
$3K
Cash-on-cash
2.09%
DSCR
1.11
Going-in cap
6.17%
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
106,643
Households
37,249
Median income
$92,500
Median age
42.7
Daytime population
95,599
5-yr growth
5.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 11 Bayview Drive, Summerside.
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.