2 Ontario Street,Marathon, ON P0T2E0
Marathon, ON P0T2E0
Description
Welcome to Superior Place, a prominent commercial investment property offering an exceptional opportunity to acquire a well-established, income-producing asset in the thriving community of Marathon, Ontario. Strategically positioned on the town's main strip, this highly visible property serves as a commercial hub for residents, businesses, and visitors alike, making it a cornerstone of the local economy. Featuring fourteen established income streams, Superior Place has a diverse and complementary mix of long-standing commercial, retail, professional, educational, and community-service tenants. Current occupants include a car dealership, a popular catering restaurant, hair salon, telecommunications center, insurance services office, financial services provider, retail store, two social service organizations, a recognized pizza franchise, employment agency, a 4,600-square-foot gymnasium, dental clinic, and a Northshore campus. This diversified tenant profile helps reduce investment risk while providing multiple sources of consistent revenue. The large on-site parking lot provides ample parking for customers, staff, and visitors. Marathon continues to be an important regional center along the North Shore of Lake Superior, serving surrounding communities and supporting a broad range of industries, services, and economic activity. As Northern Ontario continues to attract investment and development opportunities, properties with established occupancy and diversified income sources remain highly desirable. Whether you are an experienced investor seeking to expand your commercial portfolio or just now looking for a stable asset with reliable cash flow, Superior Place offers a compelling combination of income security, tenant diversity, and strategic location. Opportunities to acquire a property of this scale, prominence, and community significance are rare. Don't miss your chance to own one of Marathon's most recognizable commercial properties! (id:13843)
Details
| MLS # | X13438158 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 134 |
| Listing Provided By | REMAX Generations Realty | Aja Keough |
Features
| Basement | Y |
|---|
Interior
| Cooling | None |
|---|---|
| Heating | Electric, Other |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Poured Concrete |
|---|
Utilities
| Utilities | Electricity Connected |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 59393.12 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Marathon |
| Postal Code | P0T2E0 |
| Listing VS Median (in P0T2E0) | |
Price: $1,950,000 low | high Med: $162,450 On site: 134 low | high Med: 186.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Marathon |
| Postal Code | P0T2E0 |
| Listing VS Median (in P0T2E0) | |
Price: $1,950,000 low | high Med: $162,450 On site: 134 low | high Med: 186.5 | |
