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187-199 King St W 650 - 1,500 SF of Office/Retail Space Available in Prescott, ON K0E 1T0
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 187 | 850 SF | 12’ | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $17,000 CAD/YR $1,417 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 189 | 650 SF | 12’ | Negotiable | $20.00 CAD/SF/YR $1.67 CAD/SF/MO $13,000 CAD/YR $1,083 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 187
Prime retail/commercial spaces available in the heart of downtown Prescott, right beside the City Clock Tower and municipal parking! Unit 187 (approx. 850 sq. ft.) and Unit 189 (approx. 650 sq. ft.) feature bright, open layouts with excellent street frontage, large display windows, 12 high ceilings, and beautiful exposed stone feature walls. Both units include full basements, and Unit 187 also offers direct access to the backyard for deliveries and loading. Each unit includes a private washroom, flexible zoning for a variety of uses (retail, office, or service-based businesses), and benefits from high pedestrian and vehicle traffic. Street parking is available in front, with additional city parking steps away. Units may be rented separately or combined into a larger space by connecting both units together. Net Lease for $18/SQFT and additional rent is $4.50/sqft. Tenant is responsible for utilities .
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 3 - 7 People
- Finished Ceilings: 12’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 1,500 SF of adjacent space
- Basement
1st Floor, Ste 189
Prime retail/commercial spaces available in the heart of downtown Prescott, right beside the City Clock Tower and municipal parking! Unit 187 (approx. 850 sq. ft.) and Unit 189 (approx. 650 sq. ft.) feature bright, open layouts with excellent street frontage, large display windows, 12 high ceilings, and beautiful exposed stone feature walls. Both units include full basements, and Unit 187 also offers direct access to the backyard for deliveries and loading. Each unit includes a private washroom, flexible zoning for a variety of uses (retail, office, or service-based businesses), and benefits from high pedestrian and vehicle traffic. Street parking is available in front, with additional city parking steps away. Units may be rented separately or combined into a larger space by connecting both units together. Net Lease for $18/SQFT and additional rent is $4.50/sqft. Tenant is responsible for utilities .
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Mostly Open Floor Plan Layout
- Fits 2 - 6 People
- Finished Ceilings: 12’
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 1,500 SF of adjacent space
- Basement
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,500 SF | Gross Leasable Area | 5,663 SF |
| Property Type | Retail | Year Built | 1850 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,663 SF |
| Year Built | 1850 |
FEATURES AND AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
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187-199 King St W
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