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: 10/27/2021

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

Contact

Photograph of Listing Agent

Carson Patten

Martin Commercial Properties
CPIX Member
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