$499,000
FOR SALE

Commercial/Retail

Total Area: 30,593 ft2
2023 Taxes: $1

238 Wellington St W
Sault Ste Marie, ON P6A 1H7 | Algoma

Very profitable business in a quite and beautiful city from last 75 years. One hour flight from Toronto. Need Working partner who can live in Sault Ste Marie. Owner is absent since the business bought. Sale was 5 Million but dropped to 4 Million which can be fixed easily. Business sell hot food like Fried chicken and pizza, Good range of grocery, good range of meat. We also deliver meat and produce to local restaurants. Was franchise with Sobeys before and Can be franchised with Sobeys or Loblaw. Over 60 Car parking. Elevator for basement storage. Outside cooler storage as well. Big Cooler and freezer in the basement. Big chances to grow business since city is expected to grow very well because Mining contracts are on the way. Listing agent is also Real estate Broker in Mississauga.
Extras
5 Years Lease with Option To Renew. Lease 5 Yr (2024) + 5 Option. Attractive lease Renewal Option. Come Take a look but don't mention to Employees
Share
Listed By RE/MAX GOLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8276806
Last Updated Apr 29, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Category Retail
Minimum Rental Term 60
Maximum Rental Term 120
Occupancy Owner
Possession Date TBA
Taxes (2023) $1
Tax Type Annual
Directions/Cross Streets Wellington St W/Carmen's Way
Area Algoma
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Retail Area 8,000 ft2
Total Area 30,593 ft2
Elevator Freight
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Plaza
Days Open 7
Employees 25
Heat Type Gas Forced Air Closd
Financial Statement Y
Sprinklers Y
Sewers San+Storm Avail
Utilities A
Water Municipal
Clear Height 15 feet
Drive-In Level Shipping Doors 1
Double Man Shipping Doors 1
Grade Level Shipping Doors 1
Truck Level Shipping Doors 1
Rail N
Lot/Bldg/Unit Code Unit
Zoning Retail Commercial
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)