13 Acres Development Land 580 Ft Georgian Bay
Location: Canada -> Ontario -> Parry Sound
Industry: Hotels and Holiday Accommodation > Hotels
Businesses for sale Summary
13 acres 580 ft waterfront on Georgian Bay in downtown Parry Sound. Prime location on beautiful Georgian Bay, situated within the 30,000 island channel. A rare find! Sandy beach extending 76 feet out into Georgian Bay. All town utilities on the property. Certified ”Clean” by the Ontario Ministry of Environment. Classified as high density commercial residential. Many commercial uses allowed.
The Town of Parry Sound welcomes and supports the site for the development of either a 280 to 300 units condominium complex or a hotel with banquet facilities and marina. $20 mln annual profit potential. Asking price $5 mln. Contact for more information on this Development Land for sale.
Financials
Asking Price Range: $2.5M – $5.0M
Gross Revenues: $250,000
Cash Flow: $200,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 2003
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
