Southend Convenience Store & Office Building

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30539799
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 1,332 SF
Gross Building Area: See Agent
Gross Land Area: 0.32 SF
Sale Price: $425,000
Unit Price: $319.07 PSF
In Opportunity Zone? Yes
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Jamies's Dairies
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/14/2020

Overview / Comments

Long standing convenience store with a drive thru at Columbus and Madison as well as the adjacent house to the north. The house serves as an office and storage for the store. It also has an upstairs with a private entrance that could be renovated into an apartment as it was previously. Sales price includes the real estate, business, furniture, fixtures, equipment and beer and wine license. Great location and high volume store. Inventory is in addition to the sales price estimated to be $15,000.
Rally's Hamburger is located kiddie corner. High traffic signaled intersection.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,835 (Annual)
Tax Value Land $68,303
Assessed Value - Total($) $76,000 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: City of Bay City
Tax ID/APN: 160-028-252-007-00 & 160-028-252-006-00
Zoning: C-2-A & RM1
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Zoning Description: Business is C-2-A and house is RM1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: LOT 8 & 9 BLK 137 ADD OF LOWER SAGINAW EXCEPTING ST ROW LOT 10 BLK 137 ADD OF LOWER SAGINAW

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,183 54,925 73,063
Median Age: 34.53 39.41 40.95
Households: 6,477 23,110 30,784

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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