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227 Colborne St Central Elgin, Ontario N5L 1C2

3 Bathroom 4203 sqft
Fully Air Conditioned

$1,300,000

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:52603)

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
Size Exterior 4203 Sqft
Size Interior 4203 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular Bldg=82.91 X 125 Ft
Size Total Text Bldg=82.91 X 125 Ft

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


ROYAL LEPAGE TRILAND REALTY
808 Talbot Street
St. Thomas, Ontario N5P 1E2

(519) 633-0600
(519) 631-9716
www.royallepagetriland.com

Interested?

Contact us for more information


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