Commercial/retail For Sale - 227 Colborne St, Central Elgin, Ontario N

location_on 227 Colborne St, Central Elgin

Commercial/retail

227 Colborne St

Central Elgin, Ontario N5L 1C2

$1,200,000

For Sale

Property Information

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.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X8190932
Price : $1,200,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 71
Address
Postal Code : N5L 1C2
City : Central Elgin
Street : Colborne
Street Number : 227
Street Suffix : St
Floor Number : 0
Longitude : W82° 47' 17.2''
Latitude : N42° 40' 0.1''
Features
Heating System : Gas Forced Air Closd
Parking : 6
Brokerage
Office Name : ROYAL LEPAGE TRILAND REALTY
Extra Information
Air Conditioning : Y
Area : Elgin
living_area : 0
living_area_unit : Sqft
Community : Port Stanley
Lease : Sale
Tax Year : 2023
Virtual Tour : https://arc-creative.aryeo.com/sites/yvzzlkw/unbra

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227 Colborne St Central Elgin, Ontario N5L 1C2