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307 Water St - Dockside Village of 1000 Islands 1.95 Acres of Commercial Land Offered at $1,326,124 CAD in Morristown, NY 13664



INVESTMENT HIGHLIGHTS
- Fully permitted 1.95 Acre site on the banks of the St. Lawrence River
- 64,000 square ft. building has been designed; renderings/floor plans
- 415,000 visitors spend 1.8 nights in St. Lawrence County yearly.
- Hotel Site approved by Ascend Hotels (Choice) plus restaurant/ retail
- All permits, rock boring and seawall studies completed
EXECUTIVE SUMMARY
The subject property is a proposed 18,868 sf mixed use development site. The plans include hospitality, retail, and a restaurant. The lot is 1.95 AC waterfront property, located on Morristown Bay directly across from Brockville, Canada. The site has been cleared and brought up to grade. A 500 ft seawall is installed with both pilings and landings to accommodate a docking system for 30 boat slips. Utilities have been readied at the site, along with temporary electric pole for access during construction. The property borders a newer boat launch at the Morristown municipal park.
The renderings feature a 64,000 square ft. building consisting of approximately 32,000 square ft. of retail space and 32,000 square ft. of hospitality. The retail space was designed for a restaurant, a grocery store and several retailers or offices. The hotel area consists of 26 double rooms and 4 suites, all rooms have balconies overlooking the water. Additionally, a large conference area and fitness center overlook the waterfront. Provisions, piling and deck have been prepared for a marina consisting of 30 boat slips. Services completed – All environmental studies have been completed and updated to current status. A feasibility study has been updated and completed as is the appraisal showing value of completed project. Permits have been cleared for zoning, building variances, Army Corp. of engineering, environmental, waterfront related issues and building design. Rock boring studies and field operations have been completed (basically, solid granite base). Choice International has approved these plans for a franchised hotel, Ascend (an upscale vacation destination branding), and a management group has been established for day to day operations if desired.
The renderings feature a 64,000 square ft. building consisting of approximately 32,000 square ft. of retail space and 32,000 square ft. of hospitality. The retail space was designed for a restaurant, a grocery store and several retailers or offices. The hotel area consists of 26 double rooms and 4 suites, all rooms have balconies overlooking the water. Additionally, a large conference area and fitness center overlook the waterfront. Provisions, piling and deck have been prepared for a marina consisting of 30 boat slips. Services completed – All environmental studies have been completed and updated to current status. A feasibility study has been updated and completed as is the appraisal showing value of completed project. Permits have been cleared for zoning, building variances, Army Corp. of engineering, environmental, waterfront related issues and building design. Rock boring studies and field operations have been completed (basically, solid granite base). Choice International has approved these plans for a franchised hotel, Ascend (an upscale vacation destination branding), and a management group has been established for day to day operations if desired.
PROPERTY FACTS
| Price | $1,326,124 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.95 AC |
| Property Type | Land | ||
| Zoning | Commercial - zoned commercial waterfront development | ||
| Price | $1,326,124 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.95 AC |
| Zoning | Commercial - zoned commercial waterfront development |
1 LOT AVAILABLE
Lot
| Price | $1,326,124 CAD | Lot Size | 1.95 AC |
| Price Per AC | $680,063.61 CAD |
| Price | $1,326,124 CAD |
| Price Per AC | $680,063.61 CAD |
| Lot Size | 1.95 AC |
1 1
PROPERTY TAXES
| Parcel Number | 406001-083-049-0002-031-000-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $420,028 CAD | Total Assessment | $420,028 CAD |
PROPERTY TAXES
Parcel Number
406001-083-049-0002-031-000-0000
Land Assessment
$420,028 CAD
Improvements Assessment
$0 CAD
Total Assessment
$420,028 CAD
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307 Water St - Dockside Village of 1000 Islands
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