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 |
|
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