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$ 17,800,000
Est. payment | /mo
69,391 SqFt
$ 17,800,000
Est. payment | /mo
69,391 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 69,391 sqft
Price per Sqft $256
Subdivision 22 - East Of Sir John A. Blvd
MLS Listing ID X12153617
Annual Tax Amount $519,024
Tax Year 2024
Property Sub-Type Investment
Property Description
Rockwell Commercial is pleased to present the rare opportunity to acquire a fully leased Class A office/retail building with on-site parking located at 27-35 Princess Street, in the heart of beautiful Downtown Kingston. This four-storey limestone heritage building offers over 69,391 square feet of prestigious office space, retail space, and amenity areas blending timeless architectural character with modern building systems. Known as The Smith Robinson Building, it stands prominently at the base of Princess Street, just steps from The Slush Puppy Place, Springer Market Square, City Hall, and the waterfront. The property is 100% occupied by a stable mix of quality tenants such as Milestones, TD Bank, Cunningham Swan LLP,HDR Architects, etc. on long-term leases, generating reliable in-place income with upside potential through future rent escalations. The building benefits from both underground and surface parking, and recent capital improvements have been made to key infrastructure, including roofing systems. This asset offers investors the opportunity to own a signature downtown Kingston property with enduring value, historical appeal, and excellent income stability. For qualified buyers, a comprehensive package of due diligence materials is available, ensuring a transparent and efficient transaction process. 27 Princess Street and 35 Princess Street are two separately deeded properties with separate PINs and Legal Descriptions. Lot dimensions and areas, parking spaces, and taxes shown here are combined amounts.
Location
Province ON
County Frontenac
Community 22 - East Of Sir John A. Blvd
Area Frontenac
Zoning DT2
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 198.26
Lot Depth 131.99
Others
Security Features Yes
Listed by ROCKWELL COMMERCIAL REAL ESTATE, BROKERAGE