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.
LT 4 & PT LT 3 E/S COLBORN ST PL 49 PORT STANLEY D
Occupancy
Own+Ten
Possession Date
FLEXIBLE
Taxes (2023)
$10,854
Tax Type
Annual
Directions/Cross Streets
BRIDGE/JOSEPH
Neighbourhood
Port Stanley
Area
Elgin
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Bathrooms
3
Lot
82.91 x 125 ft
Retail Area
3,563 ft2
Office/Apt Area
640 ft2
Total Area
4,203 ft2
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
None
Parking Spaces
6
Days Open
7
LLBO
N
Employees
2
Heat Type
Gas Forced Air Closd
Financial Statement
Y
Sprinklers
N
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Building
Zoning
B1
Seller Property Info Statement
N
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