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CENTURY21
Northumberland Realty (1987) Ltd.

RETAIL SPACE for lease or sale

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For sale $569,950
8685 Cavendish Road, cavendish, Prince Edward Island

8685 Cavendish Road

Cavendish, Prince Edward Island

5355
For sale
or rent
$689,000
259 Queen Street, charlottetown, Prince Edward Island

259 Queen Street

Charlottetown, Prince Edward Island

2376
For sale $2,750,000
94-96 Queen Street, charlottetown, Prince Edward Island

94-96 Queen Street

Charlottetown, Prince Edward Island

12824
For lease $2,500 / ft2
51 Forth Street E, charlottetown, Prince Edward Island

51 Forth Street E

Charlottetown, Prince Edward Island

1500
For sale $2,050,000
115-117 Queen Street, charlottetown, Prince Edward Island

115-117 Queen Street

Charlottetown, Prince Edward Island

6950
For sale $1,999,000
294-298 Water Street, summerside, Prince Edward Island

294-298 Water Street

Summerside, Prince Edward Island

59691
For sale $1,290,000
91 Water Street, charlottetown, Prince Edward Island

91 Water Street

Charlottetown, Prince Edward Island

8340
For sale $899,000
40-44 Queen Street, charlottetown, Prince Edward Island

40-44 Queen Street

Charlottetown, Prince Edward Island

2923
For sale $139,000
217 Phillip Street, tignish, Prince Edward Island

217 Phillip Street

Tignish, Prince Edward Island

1550
For sale $379,700
61 Broadway Street, kensington, Prince Edward Island

61 Broadway Street

Kensington, Prince Edward Island

2970
For sale $3,500,000
2 Prince Street, charlottetown, Prince Edward Island

2 Prince Street

Charlottetown, Prince Edward Island

9411
For sale $2,480,000
95 Capital Drive, charlottetown, Prince Edward Island

95 Capital Drive

Charlottetown, Prince Edward Island

18000

Opening a retail store or restaurant and need to buy or lease retail space? You are in the right place. Retail space is ground level accommodation for businesses that generally deal with the public. This type of property has an open facade with windows that make looking in to see what the business does and has much more easy and casual for passersby.

Retail space may be purchased if you are interested in a full building or it can be leased if you need only a single store or bay. As in the case of office space, if you are purchasing a building it may, if it has additional stories, also have office space or living space that may be rented to increase your cash flow. If you are purchasing and do not have to purchase price in cash, you will need a commercial mortgage. These are more complicated and difficult to get than residential mortgages that we are familiar with.

If you are leasing retail space your rent will comprise an amount equal to the number of square feet multiplied by the agreed upon yearly rate per square foot divided by 12. Additionally a “common areas fee” will be added that is the prorated amount of extra expenses the landlord incurred. This amount can vary. Be sure and understand what items are included when calculating the common areas fee as these can include costs you wouldn’t agree to.