32990 Highway 62 Hastings Highlands (Monteagle Ward), Ontario K0L 2S0

$799,800

Prime highway commercial location in the heart of Maynooth, offering the opportunity to acquire a landmark property with exceptional scale, visibility and potential. For more than 100 years, the Arlington Hotel has been part of the community, operating as a hotel and restaurant with guest accommodations, bar, patio and gathering spaces. Offering approximately 8,000 sq. ft. and 15 bedrooms, this unique property provides multiple possibilities for an entrepreneur, investor or family looking to combine business and lifestyle. Continue the existing hotel and restaurant operation, create a destination sports bar, explore a bed and breakfast concept, or bring your own vision to this versatile property. Existing income streams have included overnight accommodations, restaurant and bar operations, group events, food and pizza sales, plus passive monthly income from barn rental. Beyond its established commercial use, the size and layout create exciting potential for repositioning or multi-residential investment, subject to applicable zoning and municipal approvals. The building may also appeal to an entrepreneurial family looking to operate a business while living on-site. Ideally positioned along a prime highway route in Maynooth, close to village amenities and approximately 20 minutes from Algonquin Park. A truly distinctive opportunity to acquire a commercial building of this scale, history and versatility at an exceptional price point. (id:56087)

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https://www.realtor.ca/real-estate/30365585/32990-highway-62-hastings-highlands-monteagle-ward-monteagle-ward