Catylist ID:
#30356611
| Catylist Listing ID: | 30356611 |
| Property Subtypes: | Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other |
| Building Size (RSF): | 10,000 SF |
| Gross Land Area: | 0.66 Acres |
| Sale Price: | $450,000 |
| Unit Price: | $45 PSF |
| Ceiling: | 10 ft. |
| Property Use Type: | Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Building Name: | 808 |
| Usable Size (USF): | 10,000 SF |
| Core Factor: | 1,000% |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage, Owner Financing |
| Cap Rate: | 12.5% |
| Average Occupancy Rate: | 45 |
| Last Updated: | 7/16/2021 |
Overview / Comments
|
$60,000 income, shortly as suit "D" will be leased. Suit "D" is available @ $1,100/Mo. plus utilities. Suit "E" @ $1,800/Mo. plus utilities. 34' x 80', 2700 sf, suit suitable for Medical clinic or business office including: X-Ray machine with 2-lead-lined rooms. Gross Leasable Area: 10,000 SF, Property Type: Retail Occupancy: 20%, Ground Floor, Lot Size: 0.7 AC This Building, 80' x 80'. Ground floor has 4 - 20' x 40' retail suits on Euclid Ave. 2ond fl; 4 Business offices and 2 residential units, various sizes. Separate Utilities. Parking for 35 cars. 1 mile from I-75, US-10 entrance to Bay City and Wilder rd. exits. 80,000 avg. daily car count @ site. One of the best retail areas in Bay County. |
Current Tenants
| Tenant Business Name | LA Insurance, Massage, Cricket Phone, Smoke Shop |
| Contact Name | Henry Johnson |
| Contact Title | Broker |
| Phone Number | 989-684-7080 |
| Toll-Free Number | 989-684-7080 |
| Industry Type | Retail Trade |
| Is Renting? | Yes |
| Annual Revenue | $60,000 (Annual) |
| Escalations | yes |
| Options | none |
Additional Details
| Nearest MSA: | Bay City |
| County: | Bay |
| Taxing Authority: | Bangor Township |
| Tax ID/APN: | 010-017-300-425-00 |
| Zoning: | COMMERCIAL |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: | Union rd & Wilder Rd. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | On Euclid Ave, M-13 |
| Feet of Frontage: | 100 |
| Traffic/Vehicle Count: | 80,000 |
| Highway Access: | 2 miles to I-75 and US-10 |
| Airports: | MBS, Harry Brown, Flint International |
| Site Description: | Level Paved. |
| Area Description: | Best Business area In Bay County |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 6,400 SF |
| Property Condition: | Good |
| Year Built: | 1950 |
| Year Renovated: | 2018 |
| Roof Type: | Mansard |
| Construction/Siding: | Brick |
| Exterior Description: | All in good condition. |
| Total Parking Spaces: | 30 |
| Parking Type: | Surface |
| Parking Description: | Limited street Parking plenty of rear yard parking. |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System, Package Unit |
| Internet Access: | Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other |
| Interior Description: | Well kept, Good condition. |
| Zoning Description: | Commercial |
| Lot Frontage: | 100 |
| Lot Depth: | 200 |
| Water Service: | Municipal |
| Sewer Type: | Municipal, Storm |
| Land Ownership: | Fee Simple |
| Legal Description: | COM 2124 FT S OF W 1/4 POST TH E 260 FT TH S 200 FT TH W 89.9 FT TH N 98.23 FT TH W 170 FT TH N 100 FT TO BEG. SEC 17 T14N R5E |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,523 | 55,328 | 75,681 |
| Median Age: | 39.03 | 40.1 | 41.2 |
| Households: | 4,070 | 23,191 | 31,830 |
Contact
Henry JohnsonHenry Johnson Real Estate & Leasing CompanyCPIX Member |
| © Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
