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$9,550,000
Ontario,Sault Ste. Marie
For Sale Active
691-709 Pine ST, Sault Ste. Marie, Ontario P6B3G2
  • 42,360 Sqft
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Basic Details
Description

PRIME OPPORTUNITY TO ACQUIRE A FULLY STABILIZED, 100% OCCUPIED, GROCERY-ANCHORED PLAZA IN THE HEART OF SAULT STE. MARIE. PINE PLAZA IS A WELL-ESTABLISHED NEIGHBOURHOOD RETAIL CENTRE COMPRISING APPROXIMATELY 42,455 SF, ANCHORED BY A TOP-PERFORMING NATIONAL GROCERY TENANT WITH LONG-TERM LEASE OPTIONS, PROVIDING EXCEPTIONAL INCOME STABILITY AND CONSISTENT FOOT TRAFFIC. THE PLAZA FEATURES A DIVERSE TENANT MIX OF RETAIL, SERVICE, AND

FOOD USERS, CREATING A STRONG DAILY-NEEDS DESTINATION FOR THE SURROUNDING COMMUNITY. A FAVOURABLE LEASE EXPIRY PROFILE WITH A WEIGHTED AVERAGE LEASE TERM (WALT) OF APPROXIMATELY 3.65 YEARS. THE 2023 RENOVATION WAS MORE THAN FACADE; UNITS 2, 3, 4, 5 NEW VANILLA SHELLS; UNITS 2-8 ALL NEW ROOFTOP HVACS. STRATEGICALLY LOCATED ON PINE STREET, A MAJOR ARTERIAL CORRIDOR, THE ASSET BENEFITS FROM EXCELLENT VISIBILITY, ACCESSIBILITY, AND STRONG SURROUNDING RESIDENTIAL DENSITY. FREEHOLD OWNERSHIP, ESTABLISHED TENANCY, AND BUILT-IN UPSIDE THROUGH RENTAL GROWTH AND FUTURE RE-TENANTING OPPORTUNITIES MAKE THIS AN IDEAL INVESTMENT FOR BOTH PRIVATE AND INSTITUTIONAL BUYERS SEEKING A CORE-PLUS RETAIL ASSEST WITH RESILIENT FUNDAMENTALS. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: SM260426
  • Price: $9,550,000
  • Square Footage: 42,360 Sqft
  • Status: Active
  • Property Sub Type: Retail
  • Office Key: 82219
Features & Appliances
Features
  • Heating System: Natural gas
  • Parking: Other, Surfaced
  • Exterior Features: Brick
  • Sewer: Municipal sewage system
  • Utilities: Natural Gas, Electricity, Cable, Telephone
Address Map
  • Location: CA, Ontario, Sault Ste. Marie, P6B3G2
  • Longitude: W85° 41' 33.2''
  • Latitude: N46° 31' 12.4''
Additional Information
  • Water Source:
  • Business Type: Other,Retail and Wholesale
  • Community Features:
  • Foundation Details:
  • Lot Size Dimensions: 4.13
Financial
  • Tax Annual Amount: 173226
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Listing updated: 2026-04-20 21:06:35
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Listing Information
  • List Agent Key: 1402280
  • List Office Key: 82219
  • Modification Timestamp: 2026-03-06T16:30:19Z
  • Originating System Name: Sault Ste. Marie Real Estate Board
  • Status Change Timestamp: 2026-03-06T16:23:29Z
Powered by REALTOR.ca
Listing updated: 2026-04-20 21:06:35
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