1.877.445.7085 / 705.445.7085 contact.col@clairwoodrealestate.com


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59 Main Street Penetanguishene, Ontario L9M 1S8

16000

$1,295,000

Located in the heart of Penetanguishene's historic downtown core, this commercial property offers endless opportunities for savvy investors. Once renowned as the iconic Commodore Bar and Hotel, this landmark building sits proudly on a hilltop with views of the picturesque shores of Georgian Bay. Steeped in history and character, this property boasts a rich tapestry of human activity, with whispers of potential paranormal intrigue adding to its allure. With imagination and vision, the possibilities are boundless, including the exciting prospect of transforming it into a captivating haunted hotel and bar/restaurant experience. Penetanguishene is a town on the rise, with access to numerous improvement grants specifically tailored for enhancing the charm of its main street. Prospective buyers are encouraged by the Planning department to explore the potential of this property further, offering the opportunity to schedule a meeting to discuss various possibilities. Spanning an impressive 16,000 square feet, this expansive building is a blank canvas awaiting transformation. Whether you envision a boutique hotel, a trendy restaurant, or a vibrant entertainment venue, this property provides the perfect canvas for your entrepreneurial dreams. To facilitate the purchase, the seller is offering a generous $500,000 Vendor Take Back (VTB) financing option, subject to approved credit. Don't miss out on this rare opportunity to own a piece of Penetanguishene's history while shaping its future. Contact us today to schedule a viewing and unlock the potential of this remarkable property. (id:55319)

Property Details

MLS® Number 40553173
Property Type Office
Community Features High Traffic Area
Features Visual Exposure

Building

Basement Type Full
Stories Total 3
Size Exterior 16000.0000
Size Interior 16000
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/26613236/59-main-street-penetanguishene

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Danielle Dorion
Broker

(705) 528-3133
(905) 357-1705
www.georgianbaydreamteam.com/
www.facebook.com/pages/GeorgianBayDreamTeam/164358503581691
twitter.com/GBDreamTeam

Revel Realty Inc., Brokerage (Tiny)
520 Cedar Point Rd
Tiny, Ontario L9M 0H1

(705) 533-0303
(905) 357-1705
www.revelrealty.ca/

Vanya Gluhic
Broker

(705) 427-3456
(905) 357-1705
www.georgianbaydreamteam.com/
www.facebook.com/georgianbaydreamteam
https://www.instagram.com/georgianbaydreamteam/

Revel Realty Inc., Brokerage (Unit A)
520a Cedar Point Road
Tiny, Ontario L9M 0H1

(705) 533-0303
(905) 357-1705
www.revelrealty.ca

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