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35 Lorne Avenue E,Stratford, ON N4Z 1A1
Stratford, ON N4Z 1A1
Description
**HOTEL DEVELOPMENT OPPORTUNITY** Beechwood Real Estate Advisors, Brokerage Inc. (Beechwood), in its capacity as advisor and agent to Rambri Management Inc. (the Vendor), is pleased to offer for sale a hotel development site (the Site) approved for a 100-room Holiday Inn Express Hotel at 35 Lorne Avenue East in Stratford, Ontario. The Site is approximately 1.8 acres (7,181.6 m2) and located on the southeast side of Lorne Avenue East and Erie Street. The Site is a shovel-ready development with permit approved drawings. A Record of Site Condition and a Certificate of Property Use have been issued for the Property. Risk Management Measures have been outlined by the Ministry of the Environment and the Vendor has commission reports that outline compliance measures and estimated costing. The Site is located at the southwest entrance into Stratford, a city located along the scenic Avon River within Perth County, known for its rich agricultural community and diverse heritage and culture. Immediately west is a vacant site of approximately 1.5 acres (6,118.4 m2) that is also available for sale by the Vendor. **PLEASE CONTACT LISTING AGENT FOR MORE INFO INCLUDING ACCESS TO VIRTUAL DATA ROOM**
Details
| MLS# | 40697901 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 76 |
| Listing Provided By | BEECHWOOD REAL ESTATE ADVISORS BROKERAGE INC | Sylvia Occhiuzzi |
Features
| Zoning | I-2 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| County | Perth |
| City | Stratford |
| Postal Code | N4Z 1A1 |
| Area | Stratford |
| Subarea | 22 Stratford |
| Community Name | 22 Stratford |
| Listing VS Median (in 22 Stratford) | |
Price: $2,200,000 low | high Med: $674,900 On site: 76 low | high Med: 63.000000 | |