4165/4173/4181 Lippincott Blvd.

Office for Sale
Catylist Listing ID: 30704648
Property Subtypes: Executive Suites, Medical, Mixed Use, Office Building, Other
Building Size (RSF): 7,452 SF
Gross Land Area: 17.40 Acres
Sale Price: $899,000
Unit Price: $120.64 PSF
Ceiling: 24 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Dot Scientific
Class of Space: Class B
Usable Size (USF): 7,452 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Over 9600 SF (total) for this outstanding investment. There's 4 parcels (same zoning) totaling 17.4 wooded acres. Excellent condition. Beautiful brick/stone office and warehouse building in excellent condition. South portion is a medical office and the North portion has 5 offices plus a 5,292 square foot heated warehouse with an overhead door. There are 2 rental homes at the road and the 4 parcels complete a rectangle shape. The possibilities are endless with all this extra acreage. Office/warehouse at 4165 Lippincott has city sewer and water. The 2 homes are city sewer with a shared well. Center Rd/Lippincott location, high traffic count and near the interstate. All spaces currently leased making for an excellent income property/investment.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $19,071 (Annual)

Additional Details

Nearest MSA: Flint
County: Genesee
Taxing Authority: Burton
Tax ID/APN: 59-15-300-033,009,011,032
Zoning: RO RESTRICTED OFFICE
Property Located Between: Center Rd. & Belsay Rd.
Property Visibility: Excellent
Highway Access: I-69
Airports: Bishop International
Site Description: Irregular, Splits Available, Wooded
Total Number of Buildings: 3
Number of Stories: 1
Year Built: 1993
Roof Type: Arched
Construction/Siding: Brick, Stone, Vinyl Siding
Exterior Description: Office/warehouse building is brick and stone. 2 houses are vinyl sided.
Parking Ratio: 12 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 12
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Over 5,300 sq ft of office in 4165 Lippincott commercial building
Zoning Description: RO Restricted office commercial zoning for all 4 parcels
Lot Frontage: 329
Lot Depth: 1326
Water Service: Municipal, Well
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: PART OF SEC 15 T7N R7E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,300 62,680 168,887
Median Age: 44.55 37.12 36.25
Households: 2,392 25,576 67,451
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