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 2

For sale

$299,950

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

$1,800,000

3156 West River Road, Route 9

St. Catherine's, Prince Edward Island

Matos Winery & Distillery, Turnkey Investment Opportunity. Rare opportunity to acquire a fully operational, award-winning winery and distillery set on 53.7 acres overlooking the scenic West River on Prince Edward Island, Canada. Recognized as the largest grape winery in the province, this established business features 14 acres of productive vineyards, a 2-storey production facility (built 2010), and a retail/tasting space that attracts a strong tourist clientele. Equipped with premium Italian winemaking equipment and a custom copper still from Portugal, the operation produces a range of award-winning wines and spirits. Licensed as both a winery and distillery, and an approved vendor with the PEI Liquor Control Commission, the brand benefits from province-wide distribution and established relationships with local restaurants and retailers. This turnkey offering includes infrastructure, equipment, inventory, and an established brand with national and international recognition, positioned within PEI?s growing tourism and culinary sector. Optional residence and garage available, offering additional live/work flexibility. An exceptional opportunity for investors or entrepreneurs seeking to enter the Canadian wine and spirits industry with an established, reputable operation in a high-demand destination market. (id:50344)

1,800 sqft

For sale

$860,000

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 rent

$3,500 Monthly

40 Grant Street

Charlottetown, Prince Edward Island

Commercial industrial space for lease in Charlottetown. 2 overhead doors, 3 separate entrances,. Plenty of parking lot space. Includes office and washroom. Negotiable on Sq footage leased. Monthly lease amount includes heat, electricity, commercial garbage removal, water, snow removal and grass cutting. Viewings by appointment only. Real estate agent is also the owner. (id:50344)

For sale

$579,999

245 Old Summerside Road

Kensington, Prince Edward Island

Turnkey commercial building for sale on Old Summerside Road, currently home to Hearth & Ember. This building offers a bright, move in ready showroom up front with large windows, wide plank flooring, and a gas fireplace feature wall, plus a spacious warehouse and workshop on the side with a garage door, concrete floor, built in shelving, and a workbench, a paved parking area and room to expand behind the building, this property offers strong road visibility and easy access, surrounded by a mix of commercial and residential neighbours,. (id:50344)

2,400 sqft

For sale

$899,000

8572 Cavendish Rd - Rte 6

Cavendish, Prince Edward Island

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. Located on the busiest corner in Cavendish, right at the entrance to Prince Edward Island National Park, this commercial building offers exceptional visibility and traffic. Surrounded by popular cottage rentals and directly across the street from Petro -Canada and Tim Hortons, it?s a proven high-exposure location ideal for a wide range of businesses. The property features strong existing tenants and additional space available for immediate occupancy. Whether you?re looking to establish a new venture or expand your current business, this is a rare opportunity in one of Cavendish?s most sought-after commercial areas. (id:50344)

8,897 sqft

For sale

$399,900

2231 O'halloran Road

Bloomfield Corner, Prince Edward Island

Located in the heart of West Prince, Island Beauty Secrets presents an exciting opportunity to acquire an established beauty and wellness business together with the commercial building and land. Ideally situated just off the main highway in Bloomfield, the property offers excellent visibility, prominent signage, ample parking and convenient access for clients travelling from throughout the region. The approximately 1,200-square-foot building is set on 0.57 acres and features a bright, polished interior designed to accommodate a variety of beauty and wellness services. Island Beauty Secrets is currently home to four hairstylists and three estheticians, with a medical esthetician scheduled to join the team in September. The functional layout includes multiple salon stations and private treatment rooms, allowing several complementary services to operate comfortably under one roof. Abundant natural light and thoughtfully designed spaces create a welcoming atmosphere for both clients and service providers. This flexible business model may appeal to an industry professional looking to operate their own salon while earning additional rental income, or to a buyer interested in managing the property and renting the available stations and treatment rooms. There is also potential to expand services, increase room usage or introduce further complementary wellness offerings. The sale includes the established business, commercial building, land and equipment, providing a turnkey opportunity in a highly visible and central West Prince location. Detailed business and financial information will be made available to qualified buyers upon completion of a confidentiality agreement. (id:50344)

1,200 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

$1,700,000

8812 Cavendish Road

Cavendish, Prince Edward Island

Commercial Development Opportunity in the Heart of Cavendish! An exciting opportunity awaits in one of Prince Edward Island?s most popular tourism destinations. Situated in the heart of Cavendish, this property features over 4,200 square feet of commercial space along with approximately 2 acres of cleared land, offering plenty of room and potential for your next business venture. Previously operated as a seasonal restaurant, the building has seen many upgrades in recent years and provides an excellent foundation for an entrepreneur looking to establish or expand a seasonal business in this high-traffic tourism area. Adding to its appeal, the property borders National Park land at Cavendish Grove, providing a unique setting in the centre of everything Cavendish has to offer. Whether you envision a restaurant, retail operation, tourism-based business or an entirely new concept, this versatile property offers plenty of possibilities. Bring your vision to life in Cavendish. Call today to arrange your private viewing. (id:50344)

4,286 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

$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

$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)

For sale

$699,000

13774 Cascumpec Road

Fortune Cove, Prince Edward Island

This versatile 3,000 sq. ft. commercial building, situated on 2.97 acres, offers a unique investment opportunity in a high-traffic location in Western PEI. Previously operated as a gas station and convenience store, the property has been recently upgraded to include three brand-new, one-bedroom apartments, each offering ground-level access, open-concept kitchen and living areas, wide doorways, and washer/dryer hookups. These units provide immediate rental income. The main retail space presents endless possibilities and could easily be adapted to a variety of business ventures, such as a retail store, coffee shop, take-out counter, or a service hub catering to the many permanent and seasonal residents in the Mill River and Cascumpec areas. A drive-thru window is already in place, offering added convenience for customers and operational flexibility. Additional features include a private office, large storage area, and existing gas pumps, giving the potential to reinstate fuel services if desired. With its prime visibility, road frontage, and proximity to local beaches, golf courses, and the town of Alberton, this property is ideal for investors or entrepreneurs looking to establish or expand a business in a growing area. Don't miss out on this opportunity to secure a well-located, income-generating property with multiple revenue streams and room for future growth. (id:50344)

3,000 sqft

For sale

$519,000

1 Nelson Street

Victoria, Prince Edward Island

The location and possibilities don?t get much better than this. Located next to a quiet, public beach, in the heart of Victoria-by-the-Sea, 1 Nelson Street, because of it?s location has: some of the best views in the town, the flexibility to have the home be completely residential or converted 50% to commercial space, an income-generating 2 bedroom in-law suite, the charm of a century home, many modern upgrades and is ready for you to make it your own. This 3 bedroom, 1.5 bathroom home with a 2 bedroom, 1 bathroom in-law suite has seen many functional upgrades over the past several years including a new main bath, spray foam insulation in the basement, new roof, poured concrete foundation, heat pumps and new oil tank. With so many of the integral systems taken care of, you can focus on the things you want. Since 2020, the in-law suite has been rented as a long term rental but designation as a B&B was permitted in 2024 within the Village of Victoria. Properties like this don?t come up very often in the Village of Victoria, so don?t miss out on this opportunity to become part of this amazing community. Enjoy being walking distance to local amenities like Victoria Playhouse, Landmark Oyster House, Richards Victoria and Victoria Wharf. The adjoining lot is available for purchase as well for an additional cost. All measurements are estimates and should be verified by purchaser if deemed necessary. (id:50344)

1,617 sqft

For sale

$1,799,000

138 Great George Street

Charlottetown, Prince Edward Island

Prime Downtown Charlottetown investment property at 138 Great George St! This versatile 3-floor commercial building offers 2000 sqft per level in a high-traffic urban core. Main floor features expansive street frontage windows and was last operated as a convenience store, complete with a commercial kitchen in the back. Upper level features independent street access and is configured as a bar & restaurant venue, pool tables negotiable, a projector screen, and an entertainment stage. The fully functional basement acts as the operational hub, featuring walk-in coolers, extensive storage, and prep areas. All levels are seamlessly connected via a back staircase, allowing for a single flagship operation or easy multi tenant rental operation. Unbeatable exposure and endless potential in Charlottetown's historic district. (id:50344)

6,000 sqft

For sale

$1,339,000

294-298 Water Street

Summerside, Prince Edward Island

Historic Commercial building for sale in the downtown business area. Overlooking the beautiful Summerside Harbour, it is easy to imagine the endless opportunities this rare piece of Real Estate can offer. Long term tenants in place. Featuring 138 ft of frontage on Water St, there is an additional 36,000 sq ft of unused space that could be converted into 30-35 loft like rentals. Recent improvements include a new propane furnace in 2021, some new windows, lights, and flooring. More information available upon request. (id:50344)

59,691 sqft

For sale

$849,000

98 Kent Street

Charlottetown, Prince Edward Island

Fantastic prime downtown three story Investment Property, Zoned Downtown Mixed Use Neighbourhood Zone (DMUN) -This commercial/Residential property is located in the heart of historic downtown Charlottetown, close to all amenities (Shopping/Dining/Theatre). This fully leased property consists of three commercial rental spaces all street level, 3 (1) bedroom and 1 (2) bedroom residential units. The building has 4881 sqft and sits on lot size of 45'6 x 59'6, .056 acre directly across from City Hall. Financials available upon signing NDA.Property being sold as is where is. All measurements and details of property are to be confirmed by purchasers prior to offering. This is a fantastic opportunity to own a historic Downtown Investment property in the heart of Charlottetown with Commercial/Residential units. (id:50344)

4,881 sqft

For sale

$1,290,000

93 Water Street

Charlottetown, Prince Edward Island

Situated on Water Street, one of downtown Charlottetown's most beautiful and bustling main streets, this exceptional mixed-use property includes four well-maintained residential apartments and two elegant street-front commercial storefronts, ensuring diverse and stable tenancy. providing immediate income diversity. The surrounding area is steeped in history, The location is second to none: steps from the Charlottetown Harbour, residents and patrons alike enjoy easy access to scenic boardwalks and breathtaking sunrises and sunsets. premier restaurants, boutique shopping, cultural hubs like the Confederation Centre of the Arts, and all essential municipal services and transit all are nearby. The property's prime location and excellent, well-maintained condition ensure it remains fully rented, generating a substantial and immediate income stream. Furthermore, the flexible zoning supports a variety of commercial uses, offering significant future appreciation potential. Seize this excellent opportunity to acquire a truly turnkey, income-producing asset in a high-demand core location! (id:50344)

5,400 sqft

For sale

$650,000

60 Harvard Street

Summerside, Prince Edward Island

Introducing a prime commercial property located at 60 Harvard St, boasting an extensive renovation that revitalizes its appeal and functionality. The interior has been completely transformed with modern white aluminum walls and ceilings throughout, providing a sleek and professional atmosphere. With approximately 3,500 sq ft in the main area, the space offers versatility for various rental configurations, complemented by an additional bay area and office section that collectively provide over 4500 sq ft of usable space. The property features a secure fenced area and a spacious paved parking lot, ensuring convenience for both tenants and clients. Zoned M1 for light industrial use, it is equipped with a robust 200-amp electrical system and sits on over an acre of land, making it an ideal investment opportunity for businesses seeking a well-equipped location to thrive. All measurements are approximate and should be verified by the purchasers if deemed important. (id:50344)

5,000 sqft

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.