302* Queen Street E, Sault Ste Marie, ON P6A 1Z1

Sault Ste Marie P6A 1Z1 Ontario

MLS: X12461395

$3,500,000

Added 6 hours ago | For Sale

Listed by: COLLIERS

About Property

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.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 55.34 X 131.9
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:Queen Street East & Bruce Street
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes: $79994
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12461395

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