$1,200,000
FOR SALE

Commercial/Retail

Lot: 82 x 125 ft

227 Colborne Street
Central Elgin, ON N5L 1C2

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:47421)
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Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X8190932
Last Updated Jun 12, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Community Port Stanley
Price History

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Detailed Information
Bathrooms 3
Lot 82 x 125 ft
Listing Contract Date 2024-04-02
Location Description BRIDGE/JOSEPH
# of Parking Spaces 6
Property Type Retail
Transaction Type For sale
Zoning Description B1
Business
Business Type Retail and Wholesale
Business Subtype Retail misc.
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Size (Exterior) 4203 square feet
Utility Water Municipal water
Land
Total Size Bldg=82.91 x 125 FT
Size of Irregular Land Bldg=82.91 x 125 FT
External Links

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