Century21 Northumberland Realty

Retail Space for Sale or Lease in PEI

Retail space in Prince Edward Island can be an excellent choice for businesses such as shops, restaurants, cafés, service providers, and other customer-facing operations that depend on visibility and accessibility. This page allows you to explore current retail spaces for sale or lease across PEI while considering important factors such as storefront exposure, foot traffic, parking, lease terms, monthly costs, and whether buying or leasing is the better fit for your business goals.

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26 results | Page 1 of 3

For sale

$1,598,000

271 Water Street

Summerside, Prince Edward Island

This property is located in the very heart of Water Street, the most dynamic and promising commercial corridor in Summerside. Its value lies not only in its unique location but also in the significant ongoing developments nearby. Just steps away, 281 Water Street is being transformed into a premium residential complex with 48 units, which will bring a steady flow of residents and customers to the area. As a result, 271 Water Street offers exceptional commercial potential, whether for retail, dining, or office space. Notably, the property is home to Yumi Sushi and Rudy's Chicken, two of Prince Edward Island's (PEI) most famous restaurant chains. This not only brings tremendous convenience to the daily lives of residents in Summerside and surrounding areas, but also drives strong, consistent foot traffic to the property. Your business will be supported by immediate access to both these existing and newly emerging resources and clientele. In addition, the former Scotiabank building across the street is undergoing renovations, signaling a broader revitalization of Water Street. Altogether, this represents a rare opportunity for a high-value, forward-looking investment. (id:50344)

8,670 sqft

For sale

$749,900

10094 Rte 6

Stanley Bridge, Prince Edward Island

Stanley Bridge Studio - A Rare Turnkey Business Opportunity Located on busy Route 6 in the heart of Stanley Bridge, this well-known seasonal retail destination offers an exceptional opportunity to own an established business in one of Prince Edward Island's busiest tourism corridors. The main studio building was constructed in 1982 and is attached to the original Stanley Bridge School, built in 1912, giving the property a unique blend of history and character. For the past 43 years, the business has been a beloved destination, showcasing Island-made crafts alongside carefully selected products from around the world. Open seasonally from May through October, it enjoys outstanding visibility and a steady stream of visitors. During the summer months, it is rare to see the parking lot without customers. The sale includes: The building The established business All inventory A completely turnkey operation, allowing a new owner to step in and continue operating immediately or bring their own vision to the space. The property features three levels of usable space, with two above-ground floors and a full basement level, providing endless possibilities for retail, studio space, storage, workshops, or expansion. Adding to its appeal are the beautiful views overlooking the Stanley River, creating an inviting setting for customers and visitors alike. Whether you choose to continue its long-standing tradition as a successful retail destination or transform it into something entirely new, the possibilities are endless. Build on decades of success, or create your own legacy in one of PEIs most desirable tourism locations. The world is your oyster, start building your dream here. Taxes based on Non- resident status and all measurements are approximate and should be verified by the purchaser if deemed important. (id:50344)

3,109 sqft

For sale

$789,900

30 Spring Street

Summerside, Prince Edward Island

Share Sale** Business, all Assets and Building included!! G & T Book Cafe at 30 Spring Street offers a rare turnkey Vietnamese restaurant opportunity in the heart of downtown Summerside. Situated on a prominent corner lot with excellent road appeal, this well-loved establishment boasts a loyal customer base and a warm, inviting atmosphere. The property features a fully equipped commercial kitchen with extra freezer space and lots of storage room. Multiple heat pumps and electric hot water heater add to your energy efficiency and reduced operating costs. With its prime location, strong community presence, and ready-to-operate setup, this is an exceptional chance to step into a thriving food-service business. (id:50344)

3,800 sqft

For sale

$429,900

123 Water Street

Summerside, Prince Edward Island

Prime Commercial Opportunity in the Heart of Summerside Bring your business vision to life at 123 Water Street, a versatile commercial property in the vibrant heart of downtown Summerside. Positioned in one of the city's most desirable commercial districts, this location offers outstanding visibility, abundant parking, and is just steps from the beautiful Summerside Waterfront Boardwalk, shops, restaurants, and other key amenities. As Summerside continues to grow, this is an exceptional opportunity to invest in a thriving community with strong residential and commercial momentum. Offering over 2,000 square feet of flexible commercial space, the building has undergone numerous recent renovations, providing a solid foundation for a wide range of business ventures. Originally built as a restaurant and later adapted for rental use, the property is well suited for retail, office space, hospitality, professional services, or a new concept tailored to your vision. Whether you're expanding an existing business, launching a new venture, or looking for a strategic investment, 123 Water Street delivers the location, flexibility, and potential to make it happen. Priced for an immediate sale, this is your chance to secure a standout commercial property in one of Prince Edward Island's fastest-growing communities. (id:50344)

2,116 sqft

For sale

$305,000

9571 Normans Road

Murray River, Prince Edward Island

Commercial Property - Murray River! Live upstairs, serve downstairs - own the lifestyle and the business! Located on a high-visibility corner lot in this quaint village, this rare mixed-use property offers the perfect blend of small-town charm and entrepreneurial opportunity. Just a short drive to Montague and some of the island's most stunning beaches, it's a place where trails, nature, and a true sense of community are part of daily life. On the main level, a successful, locally loved restaurant benefits from prime corner lot exposure, drawing steady traffic with a strong reputation. The space is fully operational, with the option to purchase existing equipment - perfect for anyone ready to hit the ground running. A drive-thru window adds exciting potential, ideal for ice cream or quick-serve offerings. Boost future revenues by reinstating an alcohol license - the establishment was previously licensed, making this a straightforward opportunity for the next owner. Upstairs, the grandfathered living quarters feature two bedrooms, a full bath, an eat-in kitchen, and a cozy living room, a perk that cannot be replicated under today's stricter codes for restaurant establishments, offering exceptional long-term value for an owner-operator or rental income. Seller is offering $4,000 cash back at closing to the buyer toward flooring replacement. (id:50344)

1,705 sqft

For sale

$749,000

79 Waterside Road

Waterside, Prince Edward Island

Live, Work & Invest in One Convenient Location! Please note *HST is applicable to shop portion* Located adjacent to the Pownal Rink and just minutes from Stratford, This impressive 2,400 sq. ft. workshop is heated, wired, and equipped with new garage doors, making it ideal for a variety of business or personal uses. Complete with office space, a bathroom, and storage. The accompanying 4 level side split home offers 2410 sq. ft. of living space with 4 bedrooms, 2 bathrooms, a spacious primary suite with walk-in closet, multiple living areas, and plenty of room for the whole family. Additional features include a heat pump, central vacuum, water softener, and a new garage door. An exceptional opportunity for business owners, hobbyists, or anyone looking for extra space and flexibility. The seller is a Realtor. (id:50344)

2,410 sqft

For sale

$949,900

193 Arnett Avenue

Summerside, Prince Edward Island

Looking for the perfect spot to elevate your business or grow your investment portfolio? This massive 6,000 square foot commercial building offers unbeatable visibility on one of Summerside's most prominent, high traffic streets. The property features a highly flexible setup with two separate levels housing two independent officer zones, making it absolutely perfect for a multi-tenant rental or a corporate headquarters. The clever layout includes multiple private offices, a dedicated washroom, and full kitchen facilities on both sides. You will also find excellent bonus features like a spacious lower-level boardroom for professional meetings and ample multi-room space for all your storage needs. Complete with a fully paved lot offering more than 20 dedicated parking spaces, this central location provides unparalleled convenience for both your staff and clients. Do not miss out on prime commercial real estate in a thriving Summerside location. (id:50344)

6,000 sqft

For lease

$22 / ft²

9 Irving Avenue

Stratford, Prince Edward Island

Now leasing premium commercial space at 9 Irving Avenue, a newly constructed mixed-use development with over 13,000 square feet of commercial space in one of Prince Edward Island?s fastest-growing communities. Ideally located just off the Trans Canada Highway, this high-visibility property offers exceptional exposure and easy access for both customers and staff. Available space can be customized to suit a variety of commercial uses. A minimum five-year NNN lease commitment is required, with both 5 and 10-year lease terms available. Tenant improvement allowances may be available depending on lease structure. Located beneath four storeys of residential units, this mixed-use development benefits from a built-in residential customer base and offers an excellent opportunity for businesses looking to establish or expand their presence in Stratford. Additional leasing opportunities are also available within the next phase of the development, adding over 13,000 square feet of future commercial space. Shareholder is also a REALTOR®. (id:50344)

13,000 sqft

For sale

$699,900

30166 Western Road

Wellington, Prince Edward Island

Welcome to 30166 Western Road, a meticulously maintained mixed use property in Wellington that offers a rare combination of strong rental income, high highway visibility, and excellent mechanical reliability. Situated on a newly severed 2 acre parcel, this versatile building is a dream setup for any investor looking for a turnkey property with a fantastic cap rate. The building is fully tenanted and features three distinct, spacious residential apartments: a comfortable 3 bedroom layout spanning approximately 1,200 square feet, a 2 bedroom unit at roughly 1,000 square feet, and a massive, oversized 1 bedroom unit that tenants love. Complementing the residential side is a prime 1,360 square foot commercial section. Perfectly positioned to capitalize on heavy traffic along Western Road, this commercial space operates on its own separate electric meter, making utility management straightforward. The entire property has been exceptionally well cared for, giving peace of mind to its next owner. Key mechanical upgrades include energy efficient heat pumps and a complete HVAC system, all of which are less than 5 years old. To ensure uninterrupted operation for both residents and commercial tenants, the property is also equipped with a robust 22 kilowatt backup generator featuring automatic transfer switches. Whether you are looking to expand your portfolio or secure a reliable multi stream income property on PEI, this Wellington gem delivers on every front. (id:50344)

5,340 sqft

For sale

$795,000

1329 Port Hill Station Road

Tyne Valley, Prince Edward Island

Well-established, multi-purpose business in a high-traffic, high-visibility location. This turnkey property features a thriving convenience store and a fully licensed restaurant and bar, with a strong takeout and pizza business already in place. The site also includes an additional rental unit that has previously operated as both a hair salon and an apartment, offering extra income potential or the option for an owner to live on-site. This is a rare chance to invest in a successful business with multiple revenue streams and a strong local presence. Whether you're looking to expand your portfolio or step into a live/work lifestyle, this versatile property is ready for your vision. (id:50344)

3,706 sqft

For sale

$969,000

528 Main Street

Montague, Prince Edward Island

Discover a landmark commercial property commanding exceptional visibility in the heart of downtown Montague. Situated on a premier 0.46-acre lot, this highly desirable asset features excellent transport connectivity, a spacious yard, and 23 paved parking spaces accommodating a high volume of traffic. The property boasts a meticulously maintained 4,020 sq. ft. commercial building spanning two functional levels. The ground floor is anchored by a well-established, 20-year Pizza Delight franchise, while the lower level features a popular casual bar. Benefiting from a stable, consistent customer base and an irreplaceable location, this property offers significant value appreciation. Whether you are seeking a high-yield addition to your investment portfolio or a generational legacy asset, this premier commercial opportunity is not to be missed! (id:50344)

4,020 sqft

For sale

$1,600,000

1201 Veteran's Memorial Highway

Souris West, Prince Edward Island

Want to own your very own golf course without spending millions? Here it is, Rollo Bay Greens located in the well-known picturesque Rollo Bay community overlooking the beautiful hills roll gently to the shores of the Bay. The site of Rollo Bay Greens - a 9-hole charmer has a way of fitting into most vacation schedules with its manicured and pampered layout. The course was purposely designed to provide a pleasant experience for low and higher handicap players. Located just 45 minutes east of Charlottetown, Rollo Bay Greens extends an invitation for all who like to make golf at least a part of their summer vacation or just simply a day sport outing. A fully turn-key business that includes a Pro-shop, cafeteria, an owner dwelling suite and much more. (id:50344)

Finding Retail Space in PEI

Are you planning on opening your own store or restaurant but need a retail space to get started? We are here to help you explore available retail properties across Prince Edward Island.

What Makes a Good Retail Space?

The best retail spaces are often located at ground level and have large front windows, making it easy for passersby to see what you are selling. Retail spaces with ground-level access and prominent front windows can provide strong visibility for businesses that depend on walk-in traffic. Accessibility, parking, foot traffic, nearby businesses and signage opportunities can all play an important role in choosing the right location. Visibility, accessibility, parking, foot traffic, and nearby businesses can all play an important role in choosing the right location.

Buying a Retail Property

When purchasing a retail space, you may have the option of buying the entire building. This can give you the helpful option of renting out additional space, which may provide extra income and help improve your cash flow.

Leasing Retail Space

Leasing can offer greater flexibility and lower upfront capital requirements than purchasing, although tenants should carefully review the term, renewal options, permitted use, improvements, maintenance responsibilities and additional occupancy costs.

Commercial Mortgage Considerations

Keep in mind that you will likely need a commercial mortgage if you are purchasing a retail property and do not have the purchase price available in cash. Commercial mortgage requirements can vary, so it is important to speak with a qualified lender before making a final decision.

How Retail Lease Rent Is Often Calculated

Commercial lease rates are often quoted as an annual amount per square foot. For example, multiplying the rentable square footage by the annual rate and dividing by 12 gives an approximate monthly base rent. Depending on the lease, tenants may also pay additional rent or operating costs such as property taxes, common-area expenses, insurance, utilities or maintenance.