227 Colborne Street, Central Elgin | Image 1

227 Colborne Street

Central Elgin, Port Stanley

  • Commercial

$1,200,000
For Sale

Added 7 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Business Type: Retail Store Related

  • Zoning: B1

  • Age: No Data

  • Taxes: 10854

  • MLS®#: X8190932

  • Days on Site: 211 Days

  • Added: Apr 02, 2024 (7 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: ROYAL LEPAGE TRILAND REALTY

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.

Property

  • Status: Sale

  • Type: Retail Store Related

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Area: Central Elgin

  • Community: Port Stanley

  • Availability Date: FLEXIBLE

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 4 & PT LT 3 E/S COLBORN ST PL 49 PORT STANLEY D

  • Taxes: $10,854

  • Taxes Type: Annual

Land

  • Cross Street: BRIDGE/JOSEPH

  • Municipality District: Central Elgin

  • Parcel Number: 352550264

  • Lot Depth: 125 Feet

  • Lot Frontage: 82.91 Feet

  • Zoning: B1

Additional Media

  • Virtual Tour: https://arc-creative.aryeo.com/sites/yvzzlkw/unbranded

Commercial Specific

  • Number of Employees: 2

  • Retail Area: 3563

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 4203

  • Total Area Metric: Sq Ft

  • Office Size: 640

  • Office Size Metric: Sq Ft

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Financial Statement: Y

  • LLBO: N

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Somewhat Walkable

  • Some errands can be accomplished on foot.
60 /100

Somewhat Bikeable

  • Almost all errands require a car.
24 /100
Map of 227 Colborne Street, Central Elgin
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Port Stanley Public School

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Elgin Court Public School

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John Wise Public School

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