2052 COUNTY RD 18

About This Property

This retail in Prince Edward County (Athol Ward) offers 2,552 sq ft of living space. The home features baseboard heaters heating, fully air conditioned.

MLS Remarks

UNMATCHED SITE PLAN APPROVED HOTEL DEVELOPMENT OPPORTUNITY IN PRINCE EDWARD COUNTY !!!- THE CLOSEST PERMITTED HOTEL SITE TO SANDBANKS PROVINCIAL PARK!!!!. This exceptional property offers what no other hotel project ever will: legal proximity to Sandbanks Provincial Park. Due to municipal restrictions, no future hotel will be approved closer than this site-situated approximately 200 meters from the park's main entrance. The location provides an unmatched advantage for guests seeking walkable access to one of Ontario's most popular tourist destinations, while remaining only minutes from the wineries, breweries, and dining options that define Prince Edward County. An approved Site Plan Agreement has been fully completed and is ready for execution. All required municipal reports and technical studies have already been conducted and submitted, creating a genuine shovel-ready development opportunity. 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. 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. 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, as built appraisal, site plan agreement and storm water management. An excellent sales package is attached to this listing that includes conservative revenue projections.****THE CURRENT LIST PRICE IS LOWER THAN THE APPRAISED VALUE*** (id:60351)

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