227 Colborne Street, Central Elgin (Port Stanley), Ontario N5L 1C2 (26693343)


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227 Colborne Street Central Elgin, Ontario N5L 1C2

3 Bathroom 4203 sqft
Fully Air Conditioned Forced Air

$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:52373)

Business

BusinessType Retail and Wholesale
BusinessSubType Retail misc.

Property Details

MLS® Number X8190932
Property Type Retail
Community Name Port Stanley
ParkingSpaceTotal 6

Building

BathroomTotal 3
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 4203 Sqft
SizeInterior 4203 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 125 Ft
SizeFrontage 82 Ft ,10 In
SizeIrregular Bldg=82.91 X 125 Ft
SizeTotalText Bldg=82.91 X 125 Ft
ZoningDescription B1

https://www.realtor.ca/real-estate/26693343/227-colborne-street-central-elgin-port-stanley-port-stanley

Interested?

Contact us for more information


Ryan Featherstone
Salesperson


Royal LePage Triland Realty