Opportunities like this in the heart of Charlottetown's downtown core simply do not come along often. Situated on the high-profile corner of University Avenue and Euston Street, this rare two-parcel commercial assembly offers outstanding visibility, exceptional foot and vehicle traffic, and the flexibility of Downtown Mixed Use (DMU) zoning, one of the most versatile designations in the city. The package includes two properties sold together totaling 0.28 acres. The first parcel (PID 358960, formerly Sea Treat) is 0.16 acres and features a single storey building with approximately 1,538 square feet of ground floor space. The second parcel (PID 358952) sits on 0.12 acres with a wood frame single storey building offering approximately 1,700 square feet of ground floor space, bringing the combined footprint to over 3,200 square feet of usable commercial space. Whether you're an investor looking to capitalize on an established commercial location, a developer with an eye for the site's redevelopment potential, or an owner-operator seeking a flagship downtown presence, this property delivers. DMU zoning opens the door to a wide variety of permitted uses. Paved parking, public transit access, and a corner site location round out an already compelling package. Downtown Charlottetown continues to attract investment and foot traffic year-round. Corner sites on University Avenue at this scale rarely trade hands, don't miss your chance to secure a piece of the island's most vibrant commercial district. (id:4069)
Address
202&216 University Avenue
List Price
$1,150,000
Property Type
Other
Transaction Type
Sale
Area
Prince Edward Island
Sub-Area
Charlottetown
Floor Area
3,238 Sq. Ft.
Lot Size
.28 Sq. Ft.
MLS® Number
202609591
Listing Brokerage
PROVINCIAL REALTY
Postal Code
C1A4L5
Zoning
DMU
Ownership
Freehold
Site Influences
Shopping
Features
Paved driveway
Community Features
High Traffic Area
Water Source
Municipal water
