Retail/Commercial For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30658934
Property Subtypes: Free-Standing Building
Building Size (RSF): 1,836 SF
Gross Land Area: 0.34 Acres
Sale Price: $340,000
Unit Price: $185.19 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 1,836 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/27/2020

Overview / Comments

Former used auto sales lot.
Two private offices. Large front office.
Two restrooms.
Attached 50x18 foot heated drive thru bay with two 14 foot overhead doors.
Southwest corner of Pennsylvania Ave and Cavanaugh Rd.
Paved parking lot.
Highly visible corner lot location.
Two security gates protect the property along Pennsylvania Ave and Cavanaugh Rd.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing, MI
Tax ID/APN: 33-01-01-34-306-003
Zoning: COMMERCIAL
Retail Clientele: General
Property Visibility: Excellent
Feet of Frontage: 140
Airports: Lansing
Site Description: 140x135 Corner lot
Area Description: Mix of commercial, office, multifamily, and single family. Commercial development includes several new and used auto dealerships, and high density retail.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,836 SF
Property Condition: Excellent
Year Built: 1996
Roof Type: Other
Construction/Siding: Block, Brick
Parking Description: Asphalt
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial
Lot Frontage: 140
Lot Depth: 135
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee simple
Legal Description: COM AT SW COR INTERSECTION OF S PENNSYLVANIA AVE & E CAVANAUGH RD, TH S 140 FT, W 135 FT, N 140 FT, E 135 FT TO BEG; SEC 34 T4N R2W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,901 99,071 217,375
Median Age: 36.38 32.54 33.44
Households: 6,089 38,934 86,480

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