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227 Colborne Street Image 1

$1,200,000

$1,300,000
7.7% dropped

Last price change Jun 12, 2024

Apr 2, 2024Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X8190932

227 Colborne Street, Central Elgin, ON N5L 1C2

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Average Price
120000000.0%
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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 227 Colborne Street

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.

Home Overview

Last updated

Apr 1

Virtual tour

None

Basement information

Building size

4203

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by ROYAL LEPAGE TRILAND REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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