18 ONTARIO STREET N, Lambton Shores (Grand Bend), Ontario, N0M1T0

Property Description

Prime commercial opportunity in the heart of Grand Bend. Currently operating as a restaurant ideally positioned in one of Ontario's best beachside communities. Located along the Hwy 21 corridor with C2 commercial zoning, 49.5 feet of frontage and over 200' of depth this property presents an exceptional investment for entrepreneurs, developers, or investors looking to capitalize and be part of Grand Bend's future growth. The property features an existing licensed restaurant with a 2 bedroom 1 bath apartment above and lots of onsite parking. The restaurant is currently leased (business is not for sale) with the apartment included in the lease. Want the property as an investment? The current restaurant is a great business in the local community and long term tenant BUT if you're looking to open your own restaurant this gives you the space to do that once the lease expires. This property is an attractive site for redevelopment potential with great exposure to year-round traffic, growing year-round population and high volume of summer tourism to the area. Located across the street from the newly renovated Colonial Hotel & Event space plus the newly redesigned commercial 4 plex. Just steps to the sandy beaches of Lake Huron, Main Street, local shops, restaurants and all that Grand Bend has to offer. This property sits in a high-demand area with limited availability of comparable opportunities. The restaurant business is not for sale. The property next door is also available for sale to create 90 feet of frontage along Highway 21 and includes a converted dwelling with 2 x 2 bedroom 1 bathroom units. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 2
• Living Area: 1,536 sq ft (142.7 m²)
• Parking: 15.0 spaces
• Frontage: 50 ft (15.1 m)

Costs

• Annual Taxes: $6,030.00

Listing Provided by: RE/MAX BLUEWATER REALTY INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.