202&216 University Avenue Charlottetown, Prince Edward Island C1A 4L5

$1,150,000

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:59559)

Business

Business Type	Restaurant
Business Sub Type	Restaurant

Property Details

MLS® Number	202609591
Property Type	Other
Community Name	Charlottetown
Amenities Near By	Shopping
Community Features	High Traffic Area
Features	Paved Driveway

Building

Construction Material	Masonry, Wood Frame
Flooring Type	Other
Size Interior	3,238 Ft2
Total Finished Area	3238 Sqft
Utility Water	Municipal Water

Parking

Other

Land

Acreage	No
Land Amenities	Shopping
Size Irregular	.28
Size Total	0.2800|under 1/2 Acre
Size Total Text	0.2800|under 1/2 Acre
Zoning Description	Dmu

https://www.realtor.ca/real-estate/29696342/202216-university-avenue-charlottetown-charlottetown