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71 Main St
Grand Bend, ON N0M 1T0
Retail Property For Sale
Investment Highlights
- Prime redevelopment opportunity in the heart of Grand Bend, featuring coveted C10 zoning with potential for mixed-use development and up to 100%
- Income-generating asset with an established restaurant, licensed bar and patio, supported by approximately $113,000 in annual rental income.
- Landmark Main Street property, home to the original Cheryl Ann Restaurant, positioned on the final block before the beach with 79 feet of frontage.
- Steps from Grand Bend Beach, consistently ranked among Canada’s best beaches, in one of Ontario’s fastest-growing year-round waterfront destinations.
Executive Summary
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 -
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,625 SF
Building Class
C
Year Built
1950
Price
$1,799,900 CAD
Price Per SF
$496.52 CAD
Cap Rate
6.28%
NOI
$113,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.83
Lot Size
0.10 AC
Zoning
C10 - allowing multi-unit residential complexes over commercial space with 100% density to the lot lines
Parking
1 Spaces (0.28 Spaces per 1,000 SF Leased)
Frontage
79’ on Main Street West
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