Genessee

Retail-Commercial for Sale
Catylist Listing ID: 30801575
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 2,800 SF
Gross Land Area: 0.40 Acres
Sale Price: $499,000
Unit Price: $178.21 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Lorman
Usable Size (USF): 2,800 SF
Core Factor: 2,800%
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/10/2022

Overview / Comments

Ideally Suited along one of the Busiest areas Of Genessee Ave.
Steel Building easily Cleaned up, Plenty of Parking, one can drive around for Drive through Window.
Can be leased @ $5,000/mo. Sale: $499,000

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Tax ID/APN: 10-0007-00000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Casino, Other
Property Located Between: Holland Ave & Annesley
Property Visibility: Excellent
Largest Nearby Street: M-46, Holland Ave & E. Genessee Ave.
Traffic/Vehicle Count: 100,000
Highway Access: M-46 I Block away, I-&5 2 Miles. Main access to Saginaw
Airports: MBS, Bay City, Flint
Site Description: Steel Building with Complete Paved lot.
Area Description: Total Commercial up & down the street
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1970
Roof Type: Gable
Construction/Siding: Metal Siding
Exterior Description: Metal Roof & Siding.
Total Parking Spaces: 50
Parking Ratio: 20 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other
Interior Description: Needs complete redo.
Lot Frontage: 200
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: LOTS 7,8, & 9, BLK. 1, DUNCANS ADDITION.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,986 60,652 103,344
Median Age: 35.25 34.15 37.53
Households: 3,821 23,531 41,711

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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