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221 Water Street, Summerside, PE, C1N 1B4

MLS® # 202402486
Commercial For Sale In Summerside, Prince Edward Island
$199,000
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
221 Water Street, Summerside, PE
  • Advertising
ACTIVE
221 Water Street, Summerside, PE, C1N 1B4
$199,000

Property Information:

ARIGATO SUSHI, well established restaurant located in Summerside, PEI. Three successful years in the running and rated as one of the best from all the devoted clientele. Ownership, preparation and plate presentation of meals shows the pride in serving the public whether in house or on the very busy takeout service. The restaurant seats approximately 40 patrons and currently operates Tuesday - Saturday with varying hours. New owners could adjust the business hours to their liking as the business shows a very profitable bottom line. One can only imagine what the future holds for the new owner(s). Not only will you be buying the business, you're buying the name Arigato if so desired. The current owner and Sushi-Chef is willing to train you on how to prepare and run the business. Current lease is 4 years in on a 5 + 5 lease at $2500 a month + tax. The second five year will lease at $3000 + taxes .

Property Features:

  • Building Amenities: Air Conditioning, Public Washrooms, Security System, Ventilation System, Window Display, Air Conditioning, Public Washrooms, Security System, Ventilation System, Window Display
  • Building Features: Doors Under 10 Ft
  • Built in: 2024
  • Driveway/Parking: Parking Spaces(s), Other
  • Fire Protection: Alarm, Monitored Alarm System, Smoke Detector, Sprinkler
  • Floor Space (approx): 2000 Square Feet
  • Flooring: Wood
  • Fuel Type: Oil
  • Heating/Cooling Type: Central Air
  • Lot Size: 0.00
  • Property Size: None
  • Rental Equipment: Propane Tank
  • Roof: Other
  • Site Influences: Shopping Nearby, High Traffic Location, Public Parking, Shopping Nearby, High Traffic Location, Public Parking
  • Sub-type: Restaurant
  • Title to Land: Leasehold
  • Utilities: Cable, Electrical, Municipal Water, Telephone
  • Water Source: Municipal

Courtesy of: RE/MAX HARBOURSIDE REALTY

Data provided by: Nova Scotia Association of REALTORS® 68 Highfield Park Drive, Suite 112, Dartmouth, Nova Scotia B3A 0E4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 221 Water Street, Summerside, PE, C1N 1B4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

42/100

High

ClimateCheck®

Current data

This property, 221 Water Street , experiences 7 hot days per year at around 27.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.6℃
2050
30.7℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

67/100

ClimateCheck®

Current data

This property, 221 Water Street , experiences 11 significant 2-day storms per year, with about 344.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 441.9mm of precipitation per year.

Precipitation Per Storm

Past
344.5mm
2050
441.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 221 Water Street, Summerside, PE, C1N 1B4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$81,502.95

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.78 %

High school certificate or equivalent

35.5 %

Apprenticeship trade certificate/diploma

5.37 %

College/non-university certificate

26.64 %

University certificate (below bachelor)

1.88 %

University Degree

11.85 %

Commuter

Travel To Work

By Car

84.84 %

By Public Transit

0.0 %

By Walking

13.7 %

By Bicycle

0.0 %

By Other Methods

1.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.86 %

Houses

58.14 %

Own Vs. Rent

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