Strip Center in Gladwin–Family Dollar + Three Tenants
Shopping Center
for Sale
Catylist Listing ID: |
30844032 |
Property Subtypes: |
Free-Standing Store, Mixed Use, Neighborhood Center, Strip Center, Other
|
Building Size (RSF): |
20,000 SF
|
Gross Building Area: |
See Agent |
Gross Land Area: |
1.75 Acres
|
Sale Price: |
$675,000 |
Unit Price: |
$33.75 PSF |
In Opportunity Zone? |
Yes |
Property Use Type: |
Investment, Business |
Building Name: |
Family Dollar |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
9/15/2023 |
Overview / Comments
Great opportunity for any investor. Approximate 9% cap rate on this 4 tenant plaza with long time Family Dollar as the anchor occupying 12,000 SF. Plenty of parking and great visibility. Please call for further details.
|
Financials
Finance Data Year |
2023 |
Real Estate Taxes - Annual($) |
$18,587 (Annual) |
Tax Value Land |
$327,250 |
Assessed Value - Total($) |
$401,100 (Annual) |
Additional Details
Nearest MSA: |
Bay City |
County: |
Gladwin |
Taxing Authority: |
City of Gladwin |
Tax ID/APN: |
170-030-002-001-01 |
Zoning: |
C-2 SERVICE COMMERCIAL |
Retail Clientele: |
General, Family, Business, Tourist, Recreation |
Property Visibility: |
Excellent |
Highway Access: |
M -61 |
Airports: |
Gladwin |
Property Condition: |
Good |
Year Built: |
1989 |
Roof Type: |
Gable |
Construction/Siding: |
Block, Brick |
Parking Type: |
Surface |
Heat Type: |
Natural Gas |
Heat Source: |
Central |
Air Conditioning: |
Engineered System |
Zoning Description: |
C-2--Service Commercial |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Land Ownership: |
Owned |
Legal Description: |
GLADWIN CITY MAP OF BUSCH ADD BLK 2 PART OF LOTS 1-2-3-4 & BLK 3 PART OF LOTS 1-6-7-8 DESC AS BEG S 88DEG 57MIN 42SEC E ALONG N LINE OF GROUT ST 149.65FT FROM SW COR OF LOT 2 BLK 1 OF TOWNSEND & CLARKS ADD TH N 33DEG 44MIN 18SEC E 160.56FT TH N 12DEG 7MIN 18SEC E 76.70FT TH N 1DEG 52MIN 18 SEC E 70.34FT TO S LINE OF CEDAR ST TH S 89DEG 2MIN E 171.11FT TO NE COR OF LOT 1 BLK 2 TH S 16 DEG 6MIN 14SEC E 61.35FT TH S 3DEG 56MIN 16SEC E 256.27FT TO CENTER OF VACATED GROUT ST TH N 88DEG 57MIN 42SEC W ALONG SD CENTERLINE OF SD VACATED GROUT ST 335.06FT TH N 33DEG 44MIN 18SEC E 39.22FT TO POB TOGETHER WITH EASEMENTS AS REC |
Demographic Statistics
Proximity: |
3 miles |
5 miles |
Total Population: |
4,601 |
9,624 |
Median Age: |
41.94 |
42.6 |
Households: |
1,881 |
3,761 |
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Moody's assume any liability for errors or omissions.
|