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$ 998,000
Est. payment | /mo
3 Baths
$ 998,000
Est. payment | /mo
3 Baths
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Port Stanley
MLS Listing ID X12249455
Annual Tax Amount $10,854
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Elgin
Area Elgin
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 82.91
Lot Depth 125.0
Others
Security Features No
ParcelsYN No
Virtual Tour https://arc-creative.aryeo.com/sites/yvzzlkw/unbranded
Listed by ROYAL LEPAGE TRILAND REALTY
We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.