PE
Charlottetown
C1A4L5
202&216 University Avenue
202&216 University Avenue, Charlottetown, PE C1A4L5
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Listing Type
Single Family
Listing Status
Active
18
$1,150,000

Home Details for 202&216 University Avenue

Price
$1,150,000
Type
Residential
Listing #
202609591
Property Description

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:31684)

Property Features
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Listing Courtesy: PROVINCIAL REALTY
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EXIT REALTY PEI
41 MacLeod Crescent, Charlottetown, PE C1E 3K2
Steve Yoston
License #: 2568
Franchisee
Office
902 892 7653
Agent
902 393 3868
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