Rare chance to purchase a profitable, debt-free, freehold commercial building with a long-established turnkey business in the absolute heart of downtown Picton for under $600K. Iconic family-owned submarine sandwich shop (30+ years) throwing off proven owner benefit of $200,000 annually (financials available). Completely freehold - no landlord, no lease, no triple-net headaches. 600 sq ft street-level retail + separate 2-bedroom apartment upstairs (vacant, ready for owner occupancy or additional income). Ultra-low annual taxes of only $1,250 (2025). All equipment, fixtures, recipes, and goodwill included - walk in tomorrow and start earning. Priced aggressively by retiring owners. Ideal for a hands-on operator or family who wants to live upstairs and run the business downstairs at a fraction of market value. Picton is a vibrant destination renowned for its wineries, bustling tourism, and strong community spirit. This property is perfectly positioned to thrive in this growing region.
| MLS # | X12590170 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 263 |
| Listing Provided By | Century 21 Lanthorn Real Estate Ltd. | X12590170 437200 |
| SQ Feet | 602 |
|---|---|
| Acreage | 0.01 |
| Cooling | Yes |
|---|
| Community Features | Major Highway |
|---|---|
| Security Features | No |
| Utilities | Yes |
|---|
| Tax Annual Amount | 1250.22 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 238 PL 24 PICTON AS IN PE110526; PRINCE EDWARD |
| Tax Year | 2025 |
| Province | ON |
|---|---|
| County | Prince Edward County |
| City | Prince Edward County |
| Postal Code | K0K 2T0 |
| Area | Picton Ward |
| Province | ON |
|---|---|
| County | Prince Edward County |
| City | Prince Edward County |
| Postal Code | K0K 2T0 |
| Area | Picton Ward |