For Sale · Office

1E - 206 MAIN STREET, Prince Edward County (Picton Ward)

1E - 206 MAIN STREET, Prince Edward County (Picton Ward), ON K0K2T0

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

96%

About this property

Welcome to the Historic Armoury Building, ideally situated on the South side of Picton's Main Street. This unique multi-unit commercial community offers beautifully updated, all-inclusive, turnkey rental spaces, perfectly suited for professional offices and small business ventures. Unit 1E features a private entrance off Mary Street illuminated by an exterior awning, dedicated exterior banner space for your business logo, along with opportunities to display your business name on the building directories at both the Main Street and Mary Street entrances.Inside, this approximate 930 square foot unit showcases a blend of historic character and modern finishes, including original polished concrete floors, oversized window with Hunter Douglas blind, impressive 13 foot ceilings, original exposed steel I-beams, contemporary LED lighting, custom millwork for storage, and a practical kitchenette complete with a sink and small refrigerator.This particular unit also offers a separate private office featuring a custom designed feature wall and elegant barn doors, along with a thoughtful custom designer reception desk that creates a welcoming and professional first impression. Additional amenities include a shared accessible tenant washroom and one designated parking space. Enjoy the convenience of an all-inclusive commercial rental space in downtown Picton. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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.

Area demographics

Trade area within 3 miles of the property.

Population

131,290

Households

49,683

Median income

$133,500

Median age

37.9

Daytime population

186,156

5-yr growth

7.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1E - 206 MAIN STREET, Prince Edward County (Picton Ward).

NDA required
  • 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.