$9,550,000
FOR SALE

Commercial/Retail

691-709 Pine St
Sault Ste. Marie, ON P6B 3G2

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:47421)
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Listed By Century 21 Choice Realty Inc.
Data Provided By Sault Ste. Marie Real Estate Board
MLS® Listing Number SM260426
Last Updated Mar 06, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Office
Community Sault Ste. Marie
Price History

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Detailed Information
Communication Type High Speed Internet
Community Features Bus Route
Listing Contract Date 2026-03-06
Municipal ID 315320021
Property Type Retail
Transaction Type For sale
Business
Business Type Other, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale, Retail and Wholesale
Business Subtype Offices, Food store, General retail, Shopping center, Business
Building
Age Age is unknown
Amenities Storefront, Street Lighting
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural gas
Utility Water Municipal water
Parking Spaces
Name Spaces
Other
Surfaced
Utilities
Type Description
CableAvailable
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size 4.13 acres
Access Type Road access
Acreage Yes
Sewer Municipal sewage system
Size of Irregular Land 4.13

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