Catylist ID:
#30585171
| Catylist Listing ID: | 30585171 |
| Property Subtypes: | Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other |
| Building Size (RSF): | 2,500 SF |
| Gross Land Area: | 9,350 - 28,050 SF |
| Sale Price: | $190,000 - 375,000 |
| Unit Price: | $76 - 150 PSF |
| Ceiling: | 9 ft. |
| Property Use Type: | Net Leased Investment (NNN), Investment, Business |
| Building Name: | 510 |
| Class of Space: | Class A |
| Usable Size (USF): | 2,500 SF |
| Core Factor: | 80% |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Other |
| Cap Rate: | 6.0% |
| Last Updated: | 5/16/2023 |
Overview / Comments
|
@ I-75, US-10, M-25 Entrance to Bay City, @ Euclid Ave. M-13 50' on Euclid Ave. M-13, X 187' Asking $190,000 Including Vacant lot adjacent, Asking: $375,000 Leased @ $900/Mo. Net. Set up as Drive-Through-Bank or pharmacy. Lot Size: 28,050 SF Zoning: Commercial. Electricity, Gas, Water, Telephone, Cable on site. This office has 5 private offices on the ground floor, Bus off. Waiting Room, room for 3 on the lower level plus a Lunch room, 3 on the 2ond floor. Toilet each Floor. Streets on 3 sides for easy access, additional adjacent to expand. 120,000 cars Near this location every day. Currently has tenant. |
Attachments & Media
Additional Details
| Nearest MSA: | Bay City |
| County: | Bay |
| Taxing Authority: | Bangor Twp. |
| Tax ID/APN: | 010-W15-002-001-00 |
| Property Located Between: | White St. & Jenny St. |
| Property Visibility: | Excellent |
| Highway Access: | @ I-75, US-10, M-25 Entrance to Bay City, @ Euclid Ave. M-13 |
| Airports: | MBS, Bay City, Flint |
| Site Description: | Level, Major retail in Bay county. |
| Area Description: | Major retail in Bay county. Access to all Highways in the area. On M-13 |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 900 SF |
| Year Built: | 1950 |
| Year Renovated: | 2022 |
| Roof Type: | Gambrel |
| Construction/Siding: | Brick |
| Exterior Description: | All Brick. |
| Parking Ratio: | 15 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Improved Parking, 2 drives |
| Total Parking Spaces: | 15 |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Internet Access: | Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other |
| Interior Description: | Nicely remodeled, business office with pass through window to waiting room. |
| Zoning Description: | Commercial. |
| Lot Frontage: | 50' or 150' |
| Lot Depth: | 187 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Fee Simple |
| Legal Description: | LOTS 1 & 16, BLK 2, THE WEST LAWN PLAT. Adjacent lot: LOTS 2-3-14-15 BLK 2 THE WEST LAWN PLAT |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,020 | 54,612 | 74,336 |
| Median Age: | 39.06 | 39.62 | 41.05 |
| Households: | 4,325 | 22,820 | 31,277 |
Contact
Henry JohnsonHenry Johnson Real Estate & Leasing CompanyCPIX Member |
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