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: 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

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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

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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