Overview

This retail property in Sault Ste. Marie is for sale offering roughly 4,000 sq ft of space. It has been on the market 5 days, fresher than the Sault Ste. Marie average of 54 days.

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Description

Great opportunity to own a spacious commercial property in a high-traffic location with excellent exposure. Conveniently situated on the corner of Albert Street West & Carmen’s Way beside the International Bridge, this approximately 4,000sqft building offers plenty of space and potential for a variety of commercial uses. Previously operated as a restaurant, the property features a large main floor, upper-level banquet area, spacious kitchen, basement storage, outdoor patio area and a large paved parking lot. The building requires some TLC and updates but offers a great opportunity for investors, entrepreneurs or those looking to renovate and repurpose the space to suit their needs. Plenty of possibilities in a convenient, high-visibility location - call today to book your private viewing! (id:66096)

Property Details

MLS®: SM263050
Property Type: Retail
Business Type: Restaurant
Interior Size: 4,000 ft²
Basement: Full
Heating: Natural gas
Garage: Surfaced
Property Tax: $6,705.67/yr
Listed: 5 days ago

Features

Exterior: Brick, Siding
Lot Features: Corner Site

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Sault Ste. Marie listings, avg age

54d

Price / ft²

$101

List price

$405K

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 5 days, which is 49 days fresher than the city average of 54. Act while there is still low competition.

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Area context

Neighbourhood profile (P6A)

This home lists at $405,000, about 5.2× the local median household income of $78,000.

Carrying it typically needs a household income of about $79,111 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.

Median household income: $78,000
Population: 33,800
Median age: 47.2
Owner / renter: 70% / 31%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P6A)

$405,000· $101/ft²

For sale

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Financing

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