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    For Sale - 232-228 King Street, Prescott, Ontario

    Est payment $7,683/mo
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    Time on Jump  51 day

    AI Summary *

    • Two adjoining mixed-use buildings in the heart of downtown Prescott.
    • Strong commercial exposure with a leased retail store and residential units.
    • Extensively upgraded over the past decade for modern living and convenience.
    • Nine on-site parking spaces, a rare advantage in downtown Prescott.
    • Potential for future development and financial incentives for redevelopment projects.




    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.
    Listing IDX13685828
    Address232-228 King Street
    CityPrescott, Ontario
    Price$1,600,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Brokerage: RE/MAX DELTA REALTY TEAM

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    232-228 King Street
    Prescott , Ontario
    $1,600,000
    Get more info