$1,200,000 FOR SALE

Business for Sale

Lot: 82.83 x 0 ft

227 Colborne Street
Central Elgin (Port Stanley), ON N5L 1C2

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. $85,800 gross rents with the tenants absorbing a large part of TMI. 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:47423)

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Listed By ROYAL LEPAGE TRILAND REALTY
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X8285942
Last Updated Oct 09, 2024
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Community Port Stanley
Price History
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Detailed Information
Lot 82.83 x 0 ft
Listing Contract Date 2024-04-02
Location Description JOSEPH STREET
# of Parking Spaces 7
Property Type Business
Transaction Type For sale
Zoning Description B1
Business
Name APROPOS/ANGRY BEAR/SENOR BONES
Building
Basement Type Partial
Exterior Finish Shingles, Vinyl siding
Fire Protection Alarm system, Security system
Foundation Type Block
Utility Water Municipal water
Land
Total Size Unit=82.91 FT | under 1/2 acre
Access Type Year-round access
Sewer Sanitary sewer
Size of Irregular Land Unit=82.91 FT

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