Primary photo of 298 Main Street, Cornwall
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Other For Sale

$399,000

MLS® Number: 202611171

Floor Area

1,360

Land Size

0.89

298 Main Street, Cornwall, Prince Edward Island

About This Property

?Prime Commercial Investment Opportunity in Cornwall | 0.89 Acre | Strong Income & Future Development Potential? Rare commercial investment opportunity located at the gateway to Cornwall, just minutes from downtown Charlottetown. This high-exposure property offers excellent visibility, convenient access, and outstanding future development potential. The property features approximately 0.89 acre of commercially zoned land with an existing 1,300 sq ft commercial building currently occupied by a stable tenant, providing immediate rental income for investors. In 2023, the owner completed extensive renovations and upgrades to the property, significantly enhancing both functionality and overall value. With its generous lot size and strategic location, this property offers exceptional flexibility for future expansion, redevelopment, or long-term investment holding. ?Property Highlights? ? Approx. 0.89 acre commercial lot ? Prime location at the entrance of Cornwall ? Minutes to downtown Charlottetown ? Approx. 1,300 sq ft commercial building ? Fully leased with stable rental income ? Extensive renovations and updates completed in 2023 ? High visibility and easy access ? Excellent investment and redevelopment potential ? Ideal for investors, owner-users, or future development projects A rare opportunity to own a high-potential commercial property combining immediate cash flow with long-term upside potential. Contact today for more information or to schedule a viewing.

Property Details

Interior Details

Flooring

Other, Wood

Living Area

1360 sqft

Land & Location

City Region

Cornwall

Lot Size Area

0.89

Lot Size Dimensions

0.89

Postal Code

C1C1R3

Listing & Financials

Listing Office

HOMELIFE P.E.I. REALTY INC.

Originating System Name

Prince Edward Island Real Estate Association

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($79,800)
5.5%
25 Years

Estimated Monthly Payment

$1,960

Principal and interest only. Actual rates may vary.

Location & Map

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