Property Specs:
Price$1,200,000.00
CityCentral Elgin (Port Stanley), ON
Bath3 Full
Address227 COLBORNE STREET
Listing IDX8190932
Land SizeBldg=82.91 x 125 FT
StatusFor sale
Extended Features:
Cooling Fully air conditionedHeating Forced airHeating Fuel Natural gasUtility Water Municipal water
Details:
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:4555)
