227 COLBORNE Street, Port Stanley, Ontario, N5L1C2
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:2471)
- Property Address: 227 COLBORNE Street, Port Stanley, Ontario, N5L1C2
- Property Type: Office
- Zoning Description: B1
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Road access
- Total Parking Spaces: 7
- Amenities Nearby: Marina, Schools
- Storeys: 2
- Basement Type: Partial
- Exterior Type: Vinyl siding, Shingles
- Foundation Type: Block
- Paved driveway
- High Traffic Area
Listing Office: ROYAL LEPAGE TRILAND REALTY
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