$ 1,200,000
227 Colborne ST Central Elgin, ON N5L 1C2
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$ 1,200,000
Est. payment | /mo
3 Baths
4,203 SqFt
$ 1,200,000
Est. payment | /mo
3 Baths
4,203 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,203 sqft
Price per Sqft $285
MLS Listing ID X8190932
Annual Tax Amount $10,854
Tax Year 2023
Property Description
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.
Location
Province ON
County Elgin
Area Port Stanley
Interior
Cooling Yes
Exterior
Garage Spaces 6.0
Utilities Available Yes
Parking Type None
Others
Security Features No
Listed by ROYAL LEPAGE TRILAND REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "