$1,799,000

Commercial Retail For Sale
MLS - #X12300014
Jul 23- By RE/MAX QUINTE LTD.

2052 COUNTY RD 18 Road, Prince Edward County, ON K0K 2T0

Bed
Bath
2552 Sqft.
None Garage

Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

2552 Sqft

About 2052 COUNTY RD 18 Road

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 the house prior to closing. 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. HST applies to this transaction.

Home Overview

Last updated

Jul 23

Virtual tour

None

Basement information

Building size

2552

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:Yes
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
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Average Price
179900000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 2052 COUNTY RD 18 Road

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$6870.96/ month

Some information about this property - COUNTY RD 18 Road

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