206 Concession Street

Property Description

Solid concrete commercial building professionally maintained & upgraded, situated along a major transit corridor with excellent exposure & signage, in close proximity to Downtown Kingston (450 m) & Kingston’s new Third Crossing Bridge. The property offers a gross area of +/- 16,000 sf (+/- 15,500 sf of rentable premises) across three (3) finished levels, on a 0.80 Acre site. Grade-level parking (asphalt surfaced) for +/- 60 vehicles on site w/ concrete loading dock at southerly elevation for truck access. The basement, foundation, superstructure and floorplates are of concrete construction, with the built-up-roof (tar & gravel over concrete deck) featuring 3 HVAC units, and 40 Solar panels (owned, Term: 2013-2033 ; 54.90 cents/kWh) generating +/- $7,000 per annum. The site building is wheel-chair accessible w/ ramp access along Concession street in addition to a 2,500 lb capacity elevator servicing all 3 Levels of the building’s interior. Approximately 6000 sq.ft (northerly 1/3 Levels 1,2,3) of the site building offers 7 separate offices/commercial units, fully leased on a gross basis. The remaining 2/3 of the building (Levels 1,2,3) is owner-occupied, zoned residential (A-zone, bylaw 8499), and will be vacant on closing. Two (2) kitchens on-site (levels 2,3). The property benefits from 3-phase electric service, in-place security systems, 7 washrooms, and extensive upgrades including new interior steel/concrete stairwells, beams & columns to increase 2nd Level load capacity, fire-safety systems and more. The opportunity lends well for an end-user, as a pure investment, and/or future development.