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227 Colborne Street Central Elgin, Ontario N5L 1C2

4203 sqft

$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. $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:18082)

Business

Name APROPOS/ANGRY BEAR/SENOR BONES

Property Details

MLS® Number X8285942
Property Type Business
Community Name Port Stanley
ParkingSpaceTotal 7

Building

BasementType Partial
ExteriorFinish Shingles, Vinyl Siding
FireProtection Alarm System, Security System
FoundationType Block
SizeInterior 4203 Sqft
UtilityWater Municipal Water

Land

AccessType Year-round Access
Acreage No
Sewer Sanitary Sewer
SizeFrontage 82 Ft
SizeIrregular Unit=82.91 Ft
SizeTotalText Unit=82.91 Ft|under 1/2 Acre
ZoningDescription B1

https://www.realtor.ca/real-estate/26828033/227-colborne-street-central-elgin-port-stanley

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