INVESTMENT PROP. FOR SALE: BAY PLAZA. TRADEMARK 989-792-6400

Shopping Center for Sale
Also listed as Retail-Commercial, Business Opportunity
Catylist Listing ID: 30761937
Property Subtypes: Community Center, Fashion/Specialty, Mixed Use, Neighborhood Center, Net Leased, Outlet Center, Power Center, Strip Center, Other
Building Size (RSF): 52,660 SF
Gross Land Area: 4.32 Acres
Sale Price: $3,875,000
Unit Price: $73.59 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: BAY PLAZA - ACROSS FROM FASHION SQUARE MALL
Usable Size (USF): 52,660 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2021

Overview / Comments

BAY PLAZA FOR SALE!! LOCATED ACROSS FROM THE FASHION SQUARE MALL IN SAGINAW TOWNSHIP! NEAR THE CORNER OF BAY AND TITTABAWASSEE- AND CLOSE TO I-675 INTERCHANGE!

* Investment property!
* Few vacancies. Smaller units so easier to lease up when they become available.
*Recent exterior renovation and facade makeover
*Asphalt improvements over the years with seal coat and striping
*Multiple Roof Top HVAC units replacements
*Upside potential with front 7000 SF available or large National user or ability to split into 3-4 units for smaller leasing.
*Average HH income is 460,116.54 in a 1 mile radius, $57,363.07 in a 3 mile radius, $5,300.81 in a 5 mile radius.
*Population: 95,497 within a 5 mile radius
*52,660 SF total
*4.316 Acres / 258' frontage x 561' depth
*Originally built in 1973/1976 with multiple upgrades, most recently from 2013-2021
Taxes: Summer 2021: $27,596.38 / Winter 2020: $10,094.39
*Cap Rate: 8% Cap with upside

Call TRADEMARK COMMERCIAL 989-792-6400 FOR ALL THE DETAILS INCLUDING AN OFFERING MEMORANDUM WITH YOUR CA EXECUTED.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: SAGINAW TOWNSHIP
Tax ID/APN: CPIXTAX
Zoning: COMMERCIAL-RETAIL-OFFICE-RESTAURANT
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,096 49,284 107,304
Median Age: 32.89 37.98 37.95
Households: 1,018 19,477 43,194

Contact

Photograph of Listing Agent

Gretchen Witherspoon,SIOR,CCIM

Trademark Commercial Group CPIX Member
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