An excellent investment opportunity in the heart of downtown Picton.  Click here for a panoramic view! 

This fully tenanted, multi-unit commercial property offers long-term stability, government tenancy, and quality construction on a large, serviced lot with extensive parking. The building comprises 12,392 sq. ft. of total improved space, with 11,688 sq. ft. of interior leased area, including a 350 sq. ft. garage. The site spans 0.835 acres (36,373 sq. ft.) with approximately 77.88 feet of frontage along King Street.

Constructed in 1970 and substantially renovated in 1993, the structure is of concrete block and wood frame construction with an acrylic stucco and block exterior. The main flat roof system was replaced in 2020 with a TPO membrane. The property is serviced by full municipal infrastructure and zoned CG-6 – General Commercial with Special Provisions, allowing for a wide range of uses.

The building is fully occupied by three strong tenants, including Community Living Prince Edward and the Province of Ontario (Ministry of the Attorney General – Court Services). All units are separately metered for hydro, natural gas, and municipal water/sewer, and the building features a comprehensive fire alarm system and 3-phase 400-amp service. HVAC is provided by five high-efficiency rooftop gas units, with regular updates and maintenance.

A generous paved parking lot with 55 on-site stallssupports tenant and visitor needs, with assigned spaces for tenants and additional unallocated parking. Additional metered and free parking is located nearby.

Priced to reflect a 6% capitalization rate, this is a turnkey investment in a growing community with strong municipal, institutional, and commercial infrastructure. 

Located close to the Picton Harbourfront redevelopment, the Royal Hotel, and the Edward condominium complex, the property is well positioned for long-term value.

An NDA is required to receive copies of financials and leases. Offers will be considered on July 30. No indoor showings will be allowed until an offer has been accepted, conditional upon viewing the property.