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227 COLBORNE Street
Port Stanley Ontario , N5L1C2 , Canada
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$1,300,000.00
MLS® 40554023
Commercial
Lot Frontage: 83.0 Feet
No. of Parking Spaces: 7
Floor Space (approx): 4203.00
Zoning: B1
Remarks:
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:7526)

Property Features:
  • Access Type: Road access
  • Amenities Nearby: Marina , Schools
  • Communication Type: High Speed Internet
  • Community Features: High Traffic Area
  • Features: Paved driveway
  • OwnershipType: Freehold
  • Property Type: Office
  • Sewer: Municipal sewage system
  • Sign Type: Signband
  • Utility Type: Telephone - Available
  • Utility Type: Hydro - Available
  • Utility Type: Natural Gas - Available
Building Features:
  • Basement Type: Partial
  • Exterior Finish: Vinyl siding
  • Fire Protection: Alarm system , Security system
  • Foundation Type: Block

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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