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Price on request
—
Asset Class
Retail
Size
—
Building class
B
Zoning
CNC — Neighbourhood Commercial
$ / SF
—
Occupancy
100%
Year Built
1990
This commercial space offers a large, versatile commercial space with direct Water Street frontage, excellent street-level exposure, and a flexible layout suitable for retail, professional, or service-based businesses. The space features updated flooring, neutral finishes, and multiple windows providing plenty of natural light. The main Water Street entrance opens into a large, bright commercial area that would work well as retail space, a showroom, reception/waiting area, or open office. From here, the unit flows into a second spacious open area with access to a large private office, additional work areas, a kitchenette with cabinetry and sink, and an interior hallway. The combination of open and private spaces provides flexibility for businesses requiring both customer-facing and administrative areas. The premises offer three separate access points: a direct Water Street entrance, a side exterior entrance providing convenient access from the parking area, and an interior hallway entrance. Exterior signage is available on a backlit Water Street sign mount, providing additional visibility for the occupying business. The suite has a dedicated heat pump, with heat and electricity included in the monthly rent. Located within a professionally managed, secure building, tenants benefit from 24/7 access and on-call maintenance. Parking options are also available. An excellent opportunity for a retail business, professional practice, service provider, showroom, studio, or larger office operation seeking a highly visible and adaptable commercial space in Summerside. Some photos have been virtually staged to illustrate the property's potential. Measurements are based on older floor plans and are approximate. Buyers are advised to verify all measurements. $2,650 per month HST included. (id:66811)
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Monthly debt service
$7K
Projected NOI
$89K
Annual cash flow
$6K
Cash-on-cash
1.31%
DSCR
1.07
Going-in cap
5.94%
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
46,894
Households
16,873
Median income
$127,000
Median age
39.8
Daytime population
54,275
5-yr growth
4.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 210 Water Street, 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.