Type
Commercial/Retail
Age
6-15 years
Days Listed
12
Last Updated
1 week ago

Ask about this home

Rafal starmach

Sales Representative at Right at Home Realty Inc, Brokerage

  Yes 

Description

Free Standing Building On 1.35 Acre. 10,330 Sq. Ft. Building. Triple *A* Investment Opportunity! Currently Leased By ***Shopper's Drug Mart*** Triple Net Lease, $206,000 Annually Approx. 7.5% Cap Rate. Three Remaining Options To Extend At 5 Year Terms Each. Great Exposure!!! Investors. Please Do Not Go Direct.

Extras

Triple Net Lease! Approx. 7.5% Cap,Investors, Pls Note, There Is Approx. 3 More Years Left On The Present Lease, Plus 3 Additional 5 Years .Presently $206,000 Annual Triple Net Income.

Features

Facts
Type:Commercial/Retail
Age:6-15 years
Type:Q.
Property Type:CommercialProperty
Taxes:102564
Zoning:B3H R6
Listed by:RE/MAX REALTY SERVICES INC., BROKERAGE
Age:6-15
MLS®#:X4318181
Property Type:Commercial/Retail
Type:Retail Store Related
Property Type:Highway Commercial
Number of Days Listed:12
Last Checked:21 minutes ago
Listed on Home.ca:2018-12-06 15:45:02
Property
Status:Sale
Type:Q.
Type:Retail Store Related
Property Type:CommercialProperty
Property Type:Commercial/Retail
Property Type:Highway Commercial
Age:6-15
Availability Date:30/60 Tba
Inside
Bathrooms:2
Air Conditioning:Y
Building
Basement:N
Heat Type:Gas Forced Air Closd
Freestanding:Y
Water Supply:Municipal
Volts:200
Amps:600
Parking
Garage Type:None
Fees
Tax Year:2018
Tax Legal Description:Pl H265 Pt Lots 15, 16, & 34 Rp 1R10302 Pt Part 1
Taxes:102564
Taxes Type:Annual
Land
Cross Street:Korah Road & Second
Municipality District:Sault Ste Marie
Lot Depth:351.05
Lot Frontage:165.47
Lot Size Units:Feet
Lot Irregularities:Area: 59,147.63 Sq Ft
Zoning:B3H R6
Municipality:Sault Ste Marie
Municipality District:Algoma
Media
Virtual Tour:http://www.tourmylisting.com/2121a
Commercial Specific
Retail Area:10330
Retail Area Metric:Sq Ft
Sprinklers:Y
Total Area:59147.63
Total Area Metric:Sq Ft
Area Influence:Major Highway
Lot Code:Lot
Utilities
Utilities:A
$3,500,000 - for Sale - MLS#: X4318181  

This commercial/retail property at 364 Second Line West, Sault Ste Marie, L6R 2E1 is currently for sale for $3,500,000. This property has been listed on Home.ca for 12 days and can be financed with an estimated mortgage of $11,857 per month*. Yearly property taxes for this home are approximately $102,564.

364 Second Line West is a Commercial/Retail home. The home's closest main intersection is Korah Road & Second . The lot dimensions of this property are 165.47 x 351.05 Feet. The property is located in the Sault Ste Marie neighbourhood in the city of Sault Ste Marie, in the regional municipality of Algoma. Nearby neighbourhoods are .

This home has 0 beds and 2 bathrooms and is 6-15 years old. .

This home has a n basement. The garage is none. The property has central air for air conditioning.

Date of possession for this property is 30/60 Tba. This home was listed by RE/MAX REALTY SERVICES INC., BROKERAGE according to MLS® Reciprocity.


Nearby Schools

Elementary Schools

Our Lady of Lourdes Catholic School

JK-8, Catholic, 0.43 km

Korah Intermediate School

7-8, Public, 1.14 km

Isabel Fletcher Public School

JK-8, Public, 1.65 km

Holy Family Catholic School

JK-8, Catholic, 1.49 km

H M Robbins Public School

JK-8, Public, 1.69 km

St Francis French Immersion Catholic School

JK-8, Catholic, 2.29 km

Secondary Schools

Korah Collegiate and Vocational School

Pre-Grade 9-12, Public, 1.11 km

Holy Angels Learning Centre

9-12, Catholic, 3.21 km

St Mary's College

9-12, Catholic, 3.38 km

École secondaire Notre-Dame-du-Sault

9-12, Catholic, 3.38 km

Algoma Education Connection Secondary School

9-12, Public, 4.68 km

Superior Heights Collegiate and Vocational School

Pre-Grade 9-12, Public, 6.99 km


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For property value of $3,500,000 and downpayment of 20% ($700,000), your mortgage will be $11,856.63

About 364 Second Line West, Sault Ste Marie

Property is located at 364 Second Line West, Sault Ste Marie, L6R 2E1 and is situated in the neighbourhood of . Taxes are approximately $102564 on an yearly basis. It's located near Korah Road & Second . Property taxes in 2018 were $102564 per year. Possession date is 30/60 Tba.