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340 Water Street in Summerside: Industrial for sale : MLS®# 202219656

340 Water Street Summerside C1N1C3 :

Main Photo: 340 Water Street in Summerside: Industrial for sale : MLS®# 202219656
$1,500,000
Prop. Type:
Industrial
MLS® Num:
202219656
Status:
Active
Bus Major:
Accommodation
Bus Minor:
Hotel/motel
Don't miss this fantastic development opportunity! 340 Water Street is a historical commercial building built in the 1800’s in the heart of downtown Summerside and adjacent the ocean. This property has one of the most spectacular views in PEI, borders the Confederation Trail and overlooks picturesque Summerside Harbour. The sunsets are unbelievable. You are close to all downtown amenities, walking distance to a local college and all the harbour.. As one of the largest 3 storey buildings remaining for sale on the Summerside downtown waterfront. the building can be used as a mix of commercial and residential. The building has approx 15,000 sq ft over three floors. it was used as a manufacturing and warehousing operation and is extremely sturdy with 10 and 12 ft ceilings and post and beam construction. 3 floors can easily be built to accommodate 10 residential units and retail or a restaurant on the main floor. We believe it could support 350K in rental revenue a year. This building has been gutted to it’s core and is ready for renovations. It includes: 13' Exterior walls, a full dry sprinkler system. 152 feet of wall space along the south side facing the waterfront. Borders on confederation trail. Has 400 Amp and 3 phase wiring. 1800 sq ft studio apartment on main floor with separate entrance. A wonderful building with lots of history. Would make great waterfront apartments. Restaurant etc.etc. Plans available upon request. (id:2493)
Property Type:
Industrial
Size Interior:
Switch units of measure15,000 sq. ft.
Total Finished Area:
Switch units of measure15,000 sq. ft.
Transaction Type:
For sale
Zoning:
commercial
Ownership Type:
Freehold
Community:
Summerside
Amenities:
Public Transit, Shopping, Water Nearby
Community Features:
High Traffic Area
Rental Equipment:
Other
View:
Ocean view, View of water
Major Business Type:
Accommodation, Industrial, Other, Personal Services, Recreation, Restaurant, Retail and Wholesale, Residential
Minor Business Type:
Hotel/motel, Warehouse, Other, Offices, Hairdressing Salon, Recreation, Restaurant, Shopping center, Residential
Building Amenities:
Laundry Facility, Living Accommodation
Age:
142 years
Construction Material:
Wood frame
Equipment:
Other
Fireplace:
No
Fire Protection:
Sprinkler System-Fire
Floor finish:
Heavy loading, Wood, Other
# Storeys:
3.0
Water:
Municipal water
Land Amenities:
Public Transit, Shopping, Water Nearby
Acreage:
No
Lot Size:
Switch units of measure10,846.44 sq. ft.
Lot Size:
0.2490|under 1/2 acre
Lot Details:
.249
Parking Type:
Parking Space(s), Paved Yard, Visitor Parking
Data was last updated September 29, 2022 at 09:45 PM (UTC)
Taralynn Arsenault
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