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59 Main Street Penetanguishene, Ontario L9M 1S8

$1,500,000

UP to $500,000 VTB AVAILABLE OAC. This hidden treasure in the up and coming historical town of Penetanguishene is being offered to the savvy investor! Known as Ontario's premiere year round playground, this commercial gold mine of opportunity is located downtown with views of Georgian Bay, steps to marinas and town docks, restaurants, shops and the waterfront Rotary Park and trails. A solid building, once known as The Commodore Hotel and Bar is ready for something new! So many possibilities here! Retreat, restaurant, apartments, boutique hotel, banquet hall with 3 levels, art gallery / mall, outdoor rooftop patio space and the possibility to build 13.5 feet higher to add another level of views of the harbour. Pictures show actual and concept possibilities. The buyer, at the buyers own expense, can hire the same architect to design something different. This building is vacant and the Town of Penetanguishene would love to see it thriving again! (id:23067)

Property Details

MLS® Number 40496308
Property Type Office
Community Features High Traffic Area
Features Visual Exposure

Building

Basement Type Full
Stories Total 3
Size Exterior 16000.0000
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 90 Ft
Size Irregular 0.186
Size Total 0.186 Ac|under 1/2 Acre
Size Total Text 0.186 Ac|under 1/2 Acre
Zoning Description Cg

https://www.realtor.ca/real-estate/26144279/59-main-street-penetanguishene

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