59 Main St Penetanguishene, Ontario L9M 1S8

$795,500

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:50787)

Property Details

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https://www.realtor.ca/real-estate/26808896/59-main-st-penetanguishene-penetanguishene