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. $85,800 gross rents with the tenants absorbing a large part of TMI. 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:47421)
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Detailed Information
Lot
82.83 x 0 ft
Listing Contract Date
2024-04-02
Location Description
JOSEPH STREET
# of Parking Spaces
7
Property Type
Business
Transaction Type
For sale
Zoning Description
B1
Business
Name
APROPOS/ANGRY BEAR/SENOR BONES
Building
Basement Type
Partial
Exterior Finish
Shingles, Vinyl siding
Fire Protection
Alarm system, Security system
Foundation Type
Block
Utility Water
Municipal water
Land
Total Size
Unit=82.91 FT | under 1/2 acre
Access Type
Year-round access
Sewer
Sanitary sewer
Size of Irregular Land
Unit=82.91 FT
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