808 N Euclid

Retail-Commercial for Sale
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: 6/24/2022

Overview / Comments

$62,000 Income, Aprox. Net: $54,000. @ 7% Cap Rate, = Value: $887,142.

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,
Suit "A" $1,125/Mo. Great Visibility, 800sf
Property Type: Retail, Office, Apartments.
Occupancy: 20%, 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.

Attachments & Media

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
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

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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


Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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