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$ 8,950,000
Est. payment | /mo
4 SqFt
$ 8,950,000
Est. payment | /mo
4 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4 sqft
Price per Sqft $2,237,500
MLS Listing ID X12026837
Building Age 16-30
Annual Tax Amount $168,699
Tax Year 2025
Property Sub-Type Investment
Property Description
M+H Properties Ontario Plazas L.P. (Vendor) is offering for sale a 100% freehold interest in Pine Plaza, a well-established grocery anchored retail and service destination located at 691-709 Pine Street, Sault Ste. Marie, Ontario. The plaza comprises 42,455 square feet of rentable space and enjoys 97.64% occupancy. Anchored by a high-performing grocery tenant with long-term lease options, Pine Plaza is positioned at the heart of a high-density residential neighborhood, making it a key shopping and service hub for the local community. Recent renovations, completed in 2023, have revitalized the property, enhancing the façade for all tenant spaces except the grocer. The plaza benefits from high daily traffic patterns, a strong tenant mix, and offers future growth opportunities, including a permit approved pylon sign opportunity and the potential for an endcap drive-thru, adding further upside in rents and improvement in tenant profile
Location
Province ON
County Algoma
Area Algoma
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 438.05
Others
Security Features Yes
Listed by CBRE LIMITED
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