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227 COLBORNE STREET Central Elgin

227 COLBORNE STREET, Central Elgin

$1,200,000

  • 3
4,203 Square Feet
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:58875)
  • Listing ID: X8190932
  • Property Type: Retail
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Details

  • Parking Spaces: 6
  • Transaction: For sale
  • Zoning Description: B1

Building

  • Cooling: Fully air conditioned
  • Fireplace Present: False
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Exterior: 4203 sqft
  • Size Interior: 4203 sqft
  • Utility Water: Municipal water

Land

  • Size Depth: 125 ft
  • Size Frontage: 82 ft ,10 in
  • Size Irregular: Bldg=82.91 x 125 FT

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    This property for sale is located at 227 COLBORNE STREET in Central Elgin. It was last modified on October 9th 2024. Let us connect you with the listing agent to schedule a viewing or to discover other Central Elgin properties for sale.

    Ryan Featherstone - Sales Representative

    Ryan Featherstone

    Sales Representative

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