227 Colborne Street Central Elgin, Ontario N5L 1C2
$1,200,000
This is the opportunity of a lifetime to purchase a landmark building in an incredible downtown location in Port Stanley. The building is located at a stoplight location on a heavily trafficked county roadway. Expect plenty of walk-by traffic as well. 4 commercial units paying rent and a highly in-demand downtown residential apartment. Over 4000 square feet of rentable square footage. Rents are actualized and at market value. Net Rents approaching $85,000.There is also the opportunity to purchase the Apropos business as well as the building and land. The business is a high reputed, household name in Port Stanley that retails fine clothing and accessories. It comes with significant goodwill. There are plenty of allowable uses for the property under current zoning. Port Stanley is developing quickly ahead of the Volkswagen EV Gigafactory launch. This is a perfect place for a savvy investor to have their money go to work. (id:19173)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
Property Details
| MLS® Number | X8190932 |
| Property Type | Retail |
| Community Name | Port Stanley |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 4203 Sqft |
| Size Interior | 4203 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 125 Ft |
| Size Frontage | 82 Ft |
| Size Irregular | Bldg=82.91 X 125 Ft |
| Size Total Text | Bldg=82.91 X 125 Ft |
| Zoning Description | B1 |
https://www.realtor.ca/real-estate/26693343/227-colborne-street-central-elgin-port-stanley
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June 12 2024 04:10:47
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty