Genessee

Retail-Commercial for Sale
Catylist Listing ID: 30805495
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 11,000 SF
Gross Land Area: 30,000 SF
Sale Price: $495,000
Unit Price: $45 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Genessee
Usable Size (USF): 12,000 SF
Core Factor: 0.30%
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 9/13/2022

Overview / Comments

Genessee @ Michigan @ State St, M-58 & the entrance to Saginaw from I-675
Tremendous traffic on all sides of this property, 11,000 sf clear span, great Building, in excellent condition including a new Duralast fabric, Roof.
Adjacent too: "Bringer INN", could be a Banquet addition.
Could add a Building @ State St., Great visibility.

Would make a great Workout Gym Site!
"Bringer Inn" adjacent for rapid recovery after a heavy workout.

Attachments & Media

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: Saginaw
Tax ID/APN: 14-0504-00000 & 14-0500-00000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Genessee & State St in Saginaw MI.
Property Visibility: Excellent
Largest Nearby Street: State St.
Traffic/Vehicle Count: 150,000
Highway Access: On M-58
Airports: Sag, MBS, Flint
Site Description: Huge Parking area, General Commercial area of Saginaw includin Massive Traffic in all directions. Tim Horton, Bringer Inn, several other businesse on site.
Area Description: Confluence of several Roads, State St. Davenport Ave, Michigan Ave., Genessee, I-675 Exit into City, Davenport Ave.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,000 SF
Property Condition: Excellent
Year Built: 1950
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block
Total Parking Spaces: 50
Parking Ratio: 40 (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: Open
Zoning Description: Commercial
Lot Frontage: 100'
Lot Depth: 340'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: A PART OF LOTS 11, 12, 13, & 14, BLK 3, PENOYER FARM,VIZBEG AT SW CNR OF SD LOT 14, RUN'G TH N ALONG E LINE OF SCHAEFFER ST TO N LINE OF SD LOT 11, TH E'LY ALONG SD N LOT LINE 100.08 FT,TH S PARL WITH E LINE OF SD LOTS 11, 12,13,14, 192.94 FT,TH S 89DEG 59MIN 27SEC E 14.86 FT, TH S 00DEG 00MIN 33SEC W 47.50FT TO S LINE OF LOT 14, THW ALONG SD S LOT LINE 114.90 FT TO POB. LOT 10,BLK.3,PENOYER FARM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,953 81,839 116,608
Median Age: 32.96 36.72 36.98
Households: 4,211 32,922 46,726

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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