Property Description

Situated at the high-visibility intersection of George Street and 5th Avenue, 508 George Street represents a premium, flat, cleared, shovel-ready infill lot uniquely positioned for high-density redevelopment. Holding a highly coveted C1 Downtown Commercial Zoning designation, this site escapes common municipal bottlenecks and is primed to capture immediate market share within the city's rapidly expanding financial and civic district. This bare asset sits as a strategic land bridge directly between the multi-million dollar private modernization of the hotel district and the primary boundaries of the city's major public sector master plans. For a developer, it offers a de-risked environment where surrounding institutional anchors guarantee long-term stability and deep market penetration. The guests at 200 room Ramada hotel next-door was one of the best clients for the previous business located on this site. (id:7434)