Exceptional Hospitality Investment in Downtown Parry Sound | Rare opportunity to acquire a well-established 22-room hotel and thriving sports bar (LLBO)/restaurant located on a prominent corner in the heart of downtown Parry Sound. Set on a 26,000+ sq ft property with approximately 20 parking spaces plus additional parking at the front and rear, this landmark property offers scale, visibility, and strong year-round tourism exposure. The restaurant and sports bar occupy roughly half of the building and feature over 300 seats on the main floor, 244 seats on the second floor, and a 50-seat outdoor patio. The professionally equipped kitchen includes a 12-ft exhaust hood, extensive commercial equipment, two walk-in coolers, and four washrooms, allowing for efficient high-volume operations. Owned and successfully operated by the current owner for approximately 10 years, the business benefits from a stable management team and consistent performance. Recently renovated interiors enhance the guest experience, with new branding/signage, upgraded audio/video systems, restaurant furnishings and HVAC system. Additional space on the second floor and lower level provides opportunities for expansion, events, or additional revenue streams. Positioned at one of Parry Sound's most visible downtown intersections, 72 James Street offers an outstanding opportunity to acquire a recognized hospitality destination in a growing Northern Ontario market. *Some images may be digitally enhanced, virtually staged, or artist renderings and are provided for illustrative purposes only. Actual property condition and features may differ.* (id:4069)
Address
72 JAMES STREET
List Price
$2,950,000
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
Parry Sound
Lot Size
0.6 Sq. Ft.
MLS® Number
X12973712
Listing Brokerage
Engel & Volkers Parry Sound
Postal Code
P2A1T5
Zoning
C1
