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$1,799,000
Est. payment /mo
2,552 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $704
Subdivision Athol Ward
MLS Listing ID X12300014
Building Age 16-30
Annual Tax Amount $3,087
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
ATTENTION ALL INVESTORS AND HOTELIERS!!! DUE TO MUNICIPAL RESTRICTIONS NO HOTEL WILL EVER BE CLOSER TO SANDBANKS PROVINCIAL PARK THENA "THE DUNES HOTEL"!!!! All studies, applications and reports required by the municipality for an approved site plan have been submitted for this development and a site plan agreement is currently being drafted. The site plan calls for a one story building that contains 14 hotel rooms, each with their own outdoor patio, as well a 1500 sq ft , two story building that has a lobby/common area on the first floor and a large VIP suite on the second floor. The site is located just 200 meters away from the Sandbanks main entrance allowing hotel guests to be so close that they can walk into the park during the day, and enjoy all of the wineries, breweries and restaurants that Prince Edward County has to offer at night. There is a two bed, two bath house currently on the site that is used as an STA as well as a one story commercial building. The house generates 40k-50k in annual income. Current development plans call for the demolition of the commercial building and the house being moved to another location. The sellers would be open to removing both buildings prior to closing or a buyer could sell the house on the basis that it is to be moved. The projected sale price of the house is 125k and the projected moving cost is 40k depending on distance. A long list of studies and reports have been conducted during the approval period and can be made available upon request. They include but are not limited to; light study, traffic study, environmental reports, hydrogeological and storm water management. An excellent sales package is attached to this listing that includes conservative revenue projections that were prepared by an MBA qualified business consultant. A fee proposal for a full set or working drawings is available. The listing agent is one of the sellers and HST applies to this transaction.
Location
Province ON
County Prince Edward County
Community Athol Ward
Area Prince Edward County
Rooms
Kitchen 0
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 200.0
Lot Depth 174.0
Building
New Construction false
Others
Security Features No
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