Commercial Building - Vacant

Retail-Commercial for Sale
Catylist Listing ID: 30516584
Property Subtypes: Convenience Store, Other
Building Size (RSF): 3,136 SF
Gross Building Area: 3,100 SF
Gross Land Area: 0.37 Acres
Sale Price: $60,000
Unit Price: $19.13 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User, Business
Building Name: None
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

Extensively updated in early 2014. This property is located near a busy intersection and sits on the Pier Marquette Rail Trail. Formerly used as a convenience store offering pizza, sandwiches, ice cream and beer. Attached office space could allow for additional business opportunities or tenants. Listing agent related to seller. Terms available..

Additional Details

Nearest MSA: Midland
County: Midland
Taxing Authority: City of Coleman
Tax ID/APN: 170-003-000-295-00
Retail Clientele: General, Family
Property Located Between: Railway Street & Coleman Road
Property Visibility: Excellent
Largest Nearby Street: Railway Street
Feet of Frontage: 125
Highway Access: US-10 ramp within 4 miles.
Site Description: Level lot on Pere Marquette Rail Trail system at busy intersection.
Area Description: Rural community.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1920
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: Aluminum Siding
Parking Description: Street and city lot.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Space last used as a convenience store on the west end and office/salon on east end. Large walk-in cooler.
Zoning Description: Commercial
Lot Frontage: 125
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: City owned lot/parking on west side.
Land Ownership: Private Owner
Legal Description: CITY OF COLEMAN COM N 30D 46M E 149.5 FT & N 75D 4M W 174.38 FT FROM NE COR OF BLK 40

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,086 5,740
Median Age: 38.9 41.18
Households: 856 2,298
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