$1,100,000

About this listing

IMMEDIATE POSSESSION - BUSINESS AND RESIDENCE INCLUDED.Prime development opportunity just steps from the sandy shores of Crystal Beach. This landmark property features a well-established year-round bar and restaurant operating since 1991, along with over 3,500 sq. ft. of residential living space complete with a private rooftop patio.The undeveloped third floor offers outstanding potential for apartments, condominiums, boutique hotel suites, or other residential uses, subject to approvals. Nearby approved developments highlight the strong growth and investment potential of the area.Originally built as a hotel, the property has been well maintained and upgraded throughout, featuring large rooms, stone accents, a full-service bar, spacious bedrooms, ensuite bathrooms, and walk-in closets.The restaurant seats approximately 200 guests indoors. A rare opportunity to acquire an established business with significant residential and future development potential in the heart of Crystal Beach.