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:61716)
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 |
Interested?
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April 22 2025 09:27:50
London and St. Thomas Association of REALTORS®
Royal LePage Triland Realty
