Home Details for 7 S Paul Street

PRIME INVESTMENT OPPORTUNITY IN PRINCE EDWARD COUNTY! This well established 7 unit commercial building, located in the heart of Picton, is just one block off Main Street and boasts a full occupancy rate, ensuring a steady income stream. The ground-level units are easily accessible, catering to a variety of businesses and customers. The second level unit is a highly rated, licensed short-term accommodation, adding a unique and profitable aspect to the property. Several recent updates throughout the building enhance its appeal and functionality. With 16 dedicated parking spaces, the property offers convenience for both occupants and customers. Situated in a popular location with great curb appeal, this commercial building benefits from excellent visibility and foot traffic, making it an ideal addition to any investment portfolio. Annual rental income from the commercial units is $62,286. The STA brings in approx. $28,000 annually (potential for higher STA income if rented full time). Don't miss the chance to own a thriving commercial property in the midst of one of Ontario's most thriving tourist regions, highlighted by sandy beaches, wineries, breweries, farmers markets, a variety of dining experiences and much more! (id:31684)

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