DEVELOPERS, DON'T MISS THIS OUTSTANDING OPPORTUNITY TO DEVELOP AN EXCELLENT LOCATION IN WASAGA BEACH, ONE OF ONTARIO'S FASTEST GROWING COMMUNITIES!!! The Seller will entertain a joint venture proposal from a qualified developer. This 1.656 acre parcel offers 72500 sq. ft. for development which could consist of ground level retail with offices above or ground level retail with additional levels of residential above or a hotel with ground level commercial shops. This property is located on the north west corner of Mosley Street and 45th Street North, a high volume traffic location with great visual exposure and is considered one of the busiest intersections in town. The other 3 corners of the intersection have been commercially developed and are occupied by anchor tenants. A short drive between 5 and 10 minutes will take you to 2 or 3 active construction sites where approximately 3000 homes are being built, some already completed and closed and two additional 30 acre parcels of land with pending sub-division approval for another 800 homes. This location is the closest commercial hub to all of this new development. The existing business, The Beacon Restaurant and Bar is a landmark of the community and has been operated by the same family for 75 years. The business is fully licensed for 190 inside and 48 on the patio. In addition to the restaurant bar income, 2 commercial and 6 residential rents generate additional income. For individuals that may consider operation of the existing business while waiting for approval of their development proposal financial information can be provided.
- Bedrooms: 0
- Acres Range:
- Basement: None
- Lot Depth: 325 Feet
- Lot Features: Irregular Lot, Ample Parking, High Traffic Area, Highway Access, Major Anchor, Public Transit, Visual Exposure, Other
- Lot Frontage: 200.00 Feet
- Water Source: Municipal
- Zoning: CD
- Sewer: Sewer (Municipal)
Courtesy of: RE/MAX By The Bay Brokerage
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.