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:13843)
| MLS # | 202614189 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1979 |
| Days On Site | 73 |
| Listing Provided By | POWERHOUSE REALTY PEI INC | Patty Castle |
| SQ Feet | 1,705 |
|---|---|
| Story(s) | 2 |
| Zoning | Commercial |
| Acreage | 0.72 |
| Parking Features | Parking Space(s), Gravel |
|---|
| Tax Annual Amount | 1077 |
|---|
| Province | PE |
|---|---|
| City | Murray River |
| Postal Code | C0A1V0 |
| Listing VS Median (in C0A1V0) | |
Price: $305,000 low | high Med: $432,450 sqft: 1,705 low | high Med: 1,560 $ / sqft: $179 low | high Med: $296 On site: 73 low | high Med: 71.5 | |
| Province | PE |
|---|---|
| City | Murray River |
| Postal Code | C0A1V0 |
| Listing VS Median (in C0A1V0) | |
Price: $305,000 low | high Med: $432,450 sqft: 1,705 low | high Med: 1,560 $ / sqft: $179 low | high Med: $296 On site: 73 low | high Med: 71.5 | |