Fully Leased Investment Opp Across From MSU

Retail-Commercial for Sale
Catylist Listing ID: 30622166
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 2,640 SF
Gross Land Area: 0.05 Acres
Sale Price: $975,000
Unit Price: $369.32 PSF
Property Use Type: Vacant/Owner-User
Building Name: Puff Puff Smoke Shop
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/24/2023

Overview / Comments

Ground floor is fully leased to Puff Puff Smoke Shop; upper floor is fully leased 3-bedroom apartment licensed for 4.?0.051-acre site zoned B3, City Center Commercial; one block from MSU Campus.?

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of East Lansing
Tax ID/APN: 33-20-02-18-162-005
Zoning: B3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,711 96,479 186,114
Median Age: 23.55 29.97 32.57
Households: 7,080 35,674 74,482


Photograph of Listing Agent

Carson Patten

Martin Commercial Properties
CPIX Member
Photograph of Listing Agent

Christopher T. Miller, SIOR

Martin Commercial Properties
CPIX Member
Photograph of Listing Agent

Samantha Le

Martin Commercial Properties
CPIX Member
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