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$3,500,000
Est. payment /mo
13,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 13,500 sqft
Price per Sqft $259
MLS Listing ID X12461395
Annual Tax Amount $79,994
Tax Year 2024
Property Sub-Type Commercial Retail
Lot Depth 131.9
Lot Front 55.34
Property Description
Essential services commercial centre located in the heart of Downtown Sault Ste. Marie, the Property is well-positioned in the makret with significant local foot traffic and high visibility in one of North Ontario's most populated citites. The Property is anchored by Neighbourly Pharmacy (operating as I.D.A.), which is one of the fastest growing drug store chains in Canada. Representing over 65% of the income for the Property, this tenant is on a long-term lease and is the dominant drug store in Downtown Sault Ste. Marie. Complementary tenants include doctors, lawyers and accountants with long tenure at the property. Having recently undergone a major capital improvement program and offering rarely available downtown parking, the Property is well-positioned to deliver strong performance and provide investors with stable, long-term cash flow.
Location
Province ON
County Algoma
Area Algoma
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 55.34
Lot Depth 131.9
Others
Security Features Yes
ParcelsYN No
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Listed by COLLIERS
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