$4,250,000

For sale

Address not available, Sault Ste. Marie - Retail for Sale

Sault Ste. Marie, Ontario, P6B4Y5

14,005 ft²Listed 16 days ago

Overview

This retail property in Sault Ste. Marie is for sale offering roughly 14,005 sq ft of space. It has been on the market 16 days, fresher than the Sault Ste. Marie average of 54 days.

Retail Space for Sale in Sault Ste. Marie →All real estate in Sault Ste. Marie →

Description

Exceptionally rare and desirable commercial space located on Great Northern Road's golden mile. Offered for the first time, this property offers over an Acre of C4 commercially zoned space with a plethora of permitted uses with unparalleled exposure on one of the busiest stretches of road in Sault Ste Marie. Some features include 26 parking spaces, 14.5 foot and 16.5 foot ceilings, as well as over 14000 square feet of interior retail/warehouse/office space. Plenty of upgrades and maintenance records available including Roof, Parking Lot, and Full LED conversion in recent years. This is an exceptionally rare commercial opportunity. Don't miss out, inquire with your REALTOR® today! (id:66096)

Property Details

MLS®: SM262914
Property Type: Retail
Business Type: Retail and Wholesale
Interior Size: 14,005 ft²
Year Built: 1971
Heating: Space Heater, Natural gas
Garage: Other, Parking Space(s), Gravel, Surfaced
Property Tax: $51,094.1/yr
Listed: 16 days ago

Features

Appliances: Alarm System
Exterior: Aluminum siding, Concrete Block
Lot Features: Office space, Overhead doors, Energy Efficient

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Sault Ste. Marie listings, avg age

54d

Price / ft²

$303

List price

$4.25M

Homes here sell faster than most markets

Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This retail in Sault Ste. Marie has been listed for 16 days, which is 38 days fresher than the city average of 54. Act while there is still low competition.

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Listed by Exit Realty True North · Andrew Addante

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P6B)

This home lists at $4,250,000, about 61.6× the local median household income of $69,000.

Carrying it typically needs a household income of about $830,174 (20% down, 25-yr amortization, stress-tested) — roughly 1103% above the area median.

Median household income: $69,000
Population: 22,754
Median age: 48
Owner / renter: 65% / 35%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P6B)

$4,250,000· $303/ft²

For sale

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Financing

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