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232-228 King St W, Prescott, ON

Name: 232-228 King St W, For Sale in Prescott - eXp Realty
Brand: RE/MAX DELTA REALTY TEAM
SKU: X13685828
Price: 1600000 CAD

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For Sale

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0010

MLS® X13685828

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Description

An exceptional opportunity to acquire TWO adjoining mixed-use buildings in the heart of downtown Prescott! Ideally positioned on King Street in the RiverWalk District, 228 & 232 King St W combine strong commercial exposure, 6 residential units, exceptional parking and future development potential. With continued investment, new development and growing business activity, Prescott is an increasingly attractive community for investors. The properties feature a large street-level commercial space currently leased to a retail hunting store, with soaring ceilings, beautiful exposed brick and 2 half bathrooms. In addition are 6 residential units occupied by quiet, reliable tenants. Both buildings have been extensively upgraded over the past decade, including most kitchens, bathrooms and windows, modern plumbing and light fixtures, quartz counters, quality appliances, glass shower enclosures, vanities, toilets and professional painting. Additional features include furnaces, security cameras, monitored thermostats, coin laundry and clean, dry basements with spray-foamed areas. Rooftop solar helps keep hydro costs to approximately $300/month for BOTH buildings-an outstanding operating advantage. One of the biggest differentiators is PARKING: an incredible 9 on-site spaces, exceptionally rare for downtown Prescott and a major advantage for both residential and commercial tenants. There may also be potential to add wood-frame third-storey residential units with possible St. Lawrence River views, subject to approvals. Prescott's Downtown/RiverWalk Community Improvement Plan may also provide financial incentives for qualifying redevelopment projects. A turnkey multi-building investment offering established income, quality improvements and compelling long-term potential. (id:58753)Show Description

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 6400 sqft

Taxes $13,062

Days Active 2

Avg. Price Per Sqft $250

MLS® Number X13685828

Central VacNo

FireplaceNo

HeatForced air, Natural gas

A/CFully air conditioned

Price History

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