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Canal Inn is closed down, but up for grabs for those interested in owning a waterfront property in Georgetown.
According to the listing, the hotel was renovated in 2012 and is built out with 10 rooms, a third-story loft, and 11-and-a-half bathrooms. Each floor of the roughly 3,350-square-foot building features a balcony or patio. The site is zoned W-1, which permits “matter-of-right low density residential, commercial, and certain light industrial development.” The asking price totals $2.25 million.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.