71 Main Street, Lambton Shores (Grand Bend) - Business for Sale
71 Main Street, Lambton Shores (Grand Bend), Ontario, N0M1T0
This business in Lambton Shores is for sale offering roughly 3,625 sq ft of space.
Description
GRAND BEND COMMERCIAL LEGACY LOCATION | THE ORIGINAL HOME OF THE INCONIC CHERYL ANN RESTAURANT | PRIME DEVELOPMENT OPPORUTNITY $113,000 ANNUAL RENT TO CARRY PRE-DEVELOPMENT | STEPS TO THE 3RD BEST BEACH IN CANADA | SITUATED ON THE FINAL BLOCK OF GRAND BEND'S FAMOUS MAIN SRIP BEFORE THE LAKE | 79 FEET OF MAIN STREET FRONTAGE. This rare Grand Bend offering is zoned for 100% lot coverage in the most prosperous and fastest growing beach town in the province. Currently, the property is tenanted with a high quality year round lease and is home to a successful restaurant and the most popular local hot spot as a licensed bar & patio. This offering however is not about lease income - it's about a palpable development opportunity or a premium location for your incredible business idea. It's about having a commercial property in Ontario's fastest growing shoreline community with C10 zoning allowing multi-unit residential complexes over commercial space with 100% density to the lot lines! The current business owner/tenant is willing to turn over the tenancy with the sale of the property. So, step into a great business, or explore the variety of opportunities that encompass a robust list of permitted uses for a future mixed development with commercial and residential units. With Grand Bend now becoming a year round destination and with this being the most price-minded commercial site currently available on The Strip, your new business idea or investment dollars could be part of this growth community. Voted as having the 3rd best beach in the entire country and one of the best sunsets in the world, come out and see why everyone is spending their money in Grand Bend! This property may be available for purchase together with 77 Main St, Grand Bend, ON - inquire with your Realtor today. **EXTRAS** Contact your Realtor for more information. (id:66096)
Property Details
- MLS®
- X13498842
- Property Type
- Business
- Zoning
- C10 (100% Lot Coverage)
- Parking
- 4
- Interior Size
- 3,625 ft²
- Lot Size
- 79 × 80 ft (6,323 sq ft)
- Frontage
- 79 ft
- Heating
- Baseboard heaters
- Cooling
- Partially air conditioned
- Property Tax
- $6,869.23/yr
- Listed
- 130 days ago
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 130 days on market, against an average age of 97 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 61 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Lambton Shores (Grand Bend) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0M)
This home lists at $1,799,900, about 19.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $351,583 (20% down, 25-yr amortization, stress-tested) — roughly 286% above the area median.
- Median household income
- $91,000
- Population
- 69,177
- Median age
- 46
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N0M)
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$1,799,900
Lambton Shores