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193-197 Water St 25,030 SF 50% Leased Office Building Prescott, ON K0E 1T0 $3,500,000 CAD ($139.83 CAD/SF)



Investment Highlights
- Iconic historic building featuring a modernized interior with restored heritage stone façade.
- Flexible layout accommodating offices, service businesses, and a waterfront-facing pub.
- Ample on-site parking and excellent connectivity to major highways for regional accessibility.
- Waterfront location offering direct access to the St. Lawrence River and scenic Riverwalk Park.
- Modern infrastructure including sprinkler systems, HVAC upgrades, and heavy-duty electrical capacity.
- Zoning allows a wide variety of commercial and mixed-use applications supporting redevelopment potential.
Executive Summary
Own a landmark property, the Moran & Hooker Building, a beautifully restored 25,000+ SF mixed-use asset. Positioned along the scenic Prescott waterfront, this iconic stone property dates to the mid-1800s and blends timeless heritage character with modern functionality. The building has been restored/converted into a 15-unit commercial complex featuring a diverse tenant mix of professional offices and service businesses, along with a fully-built-out waterfront facing pub space. Offered partially leased, the property provides stable income with upside through leaseup, repositioning, or owner-occupier use. Tenants/visitors benefit from direct access to the St. Lawrence River and Riverwalk Park. Additional features include on-site parking lot, 1000 Amp/208v/3-phase power, separately metered units, sprinkler systems, and modern HVAC throughout. Located in a growth-oriented community, the property also presents future development potential for a variety of alternative uses, making this a compelling investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,030 SF
Building Class
B
Year Built
1832
Price
$3,500,000 CAD
Price Per SF
$139.83 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,330 SF
Building FAR
1.56
Lot Size
0.37 AC
Zoning
C1 & R2 - Medium Density Residential.
Parking
46 Spaces (1.84 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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193-197 Water St
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