For Sale - The Royal Hotel

For Sale - The Royal Hotel
247 Main Street, Picton, Ontario
DEVELOPMENT
OPPORTUNITY
$749,900 | 40,000 sq. ft. | Commercial Bldg.
The Royal Hotel
The historic Royal Hotel has been part of the fabric of Prince Edward County
for over 120 years. It is strategically located on the north side of Main St. in
downtown Picton. The building presents many outstanding development
opportunities such as a boutique hotel/residence or commercial/residential.
Asking Price: $749,900.00
Realty Taxes: $15,497.00
Zoning: Core Commercial (CC)
Building Size: 40,000 sq. ft.
Permitted Uses:
• Financial Institution
• Clinic, Office
• Retail
• Restaurant
• Hotel
• Residential* (*subject to bylaw review)
Lot Size: 0.45 acres
Legal Description: PT LT 1540 PL 21Picton S/T PE112943; S/T & T/W PE113510 Except The
Easement Therein Secondly Described; T/W PE112941; Prince Edward County
All information provided is deemed reliable but is not guaranteed and should be independently verified.
For more information
please contact:
Gary Croke
Sales Representative
613-384-1997 (14)
[email protected]
Rogers & Trainor Commercial
Realty Inc.
20 Gore Street, Suite 102
Kingston, Ontario
613-384-1997
www.rtcr.com
Providing Solutions
For Sale - The Royal Hotel
247 Main Street, Picton, Ontario
$749,900 | 40,000 sq. ft. | Commercial Bldg.
Prince Edward County
Prince Edward County (”The County”) is located along the north shore of Lake Ontario approximately 200 kilometers
east of Toronto and 80 kilometers west of Kingston. There is a market of approximately 125 million consumers within
a day's drive.
Prince Edward County is the heart of the Taste Trail and the Arts Trail. The County has emerged as a significant
tourism destination with a culinary theme driven by thriving boutique wineries and “field-to-table” dining
experiences. The region boasts 30 wineries and has attracted some of Ontario's most renowned chefs, inspired
by the bountiful regional fare and the growing number of local organic and artisan food producers. Over 40
theatre, art, craft and music festivals fill the calendar and create reasons to visit the area all year long.
Montreal
Ottawa
Belleville
Kingston
Toronto
All information provided is deemed reliable but is not guaranteed and should be independently verified.
For Sale - The Royal Hotel
247 Main Street, Picton, Ontario
$749,900 | 40,000 sq. ft. | Commercial Bldg.
• Since 1999, the number of visitors to “The County” has increased at an average rate of almost
12% per year.
• The Sustaining and Managing Growth report prepared by The
Tourism Company projects that tourism for the region has
reached 600,000 annual visitors.
• It is an island community encompassing less than 700 square
kilometers (270 sq mi), with over 800 kilometers (500 mi) of
shoreline.
• The permanent population is approximately 25,000.
• Sandbanks Provincial Park is approx. 20 minutes from
downtown Picton. Sandbanks is among the largest and most
beautiful beaches in Ontario with golden sand and sparkling
water.
The Royal Hotel is located in the
heart of downtown Picton
• Municipal parking lot to the rear of
the building
Municipal Lot with Parking
• Directly east of the Regent Theatre
• Surrounded by many unique boutiques,
cafe’s and restaurants
The Royal
Hotel
All information provided is deemed reliable but is not guaranteed and should be independently verified.
For Sale - The Royal Hotel
247 Main Street, Picton, Ontario
$749,900 | 40,000 sq. ft. | Commercial Bldg.
The Current Facade
Front Facade
Rear Facade - Parking
The Concept
The current owner has developed an extensive conversion concept – The Royal Hotel & Residences.
The concept, based on a detailed proprietary market feasibility study, converts the property into a lavish hotel/
residence comprised of 10 condo's, 36 hotel rooms, retail space, signature restaurant, spa, rooftop jazz lounge,
and much more... It would truly become a game-changer for the Picton area. However, this is just one of the
many conversion concepts the property could accommodate.
The Proposed Re-Development Concept
All information provided is deemed reliable but is not guaranteed and should be independently verified.