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: $889,000
Unit Price: $119.30 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: 1/25/2023

Overview / Comments

Diverse portfolio combining medical offices, a heated warehouse of nearly 5300 SF and 2 homes on a total of 17 wooded acres. The main building 7,452 SF total and zoned mixed use. The North portion of the building is the heated warehouse, nearly 5400 SF with INSULATED block walls. Ceiling height in the warehouse is 16'-20’ and the overhead door dimensions are 12’ x 12’. The North portion also has 5 additional offices. The South end of the building is leased to a medical office. Annual lease incomes total $85,260. 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.

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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