302 Queen Street East - Storefront Retail/Office FOR SALE


Sault Ste. Marie, ON P6A 0E5
$3,500,000 CAD
249-507-0703
302 Queen Street East, Sault Ste. Marie, ON for Sale
$3,500,000 CAD
Storefront Retail/Office - FOR SALE
1/6
null | 6.83% Cap Rate

302 Queen Street East
Sault Ste. Marie, ON P6A 0E5


HIGHLIGHTS

  • Significant Capital Improvement
  • Strong Location & Visibility
  • Stabilized Asset

OVERVIEW

302 Queen Street East has long been an iconic address in Downtown Sault Ste. Marie. Following a change in ownership and a complete revitalization, it has been re-established as a true staple in the community. The drug store was formerly located at Station Mall - an enclosed mall that has struggled to retain customer traffic after losing both anchor tenants. The drug store owners recognized that a standalone site would better serve their customers with improved visibility and accessibility. In 2020, the Queenstown I.D.A. was launched at this location.

FOR SALE DETAILS

PRICE

$3,500,000 CAD

PRICE/SF

$259 CAD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Essential Services Commercial Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

B6

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jake ArnoldiColliersMore Info
249-507-0703

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Jake ArnoldiColliersMore Info
249-507-0703

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.