Catylist ID: #30679134
Light Industrial Warehouse with Professional Office
Industrial for SaleAlso listed as Office
|Catylist Listing ID:||30679134|
|Property Subtypes:||Net Leased, Warehouse/Distribution|
|Building Size (RSF):||3,739 SF|
|Gross Land Area:||0.07 Acres|
|Unit Price:||$26.75 PSF|
|Office SF:||800 SF|
|Property Use Type:||Net Leased Investment (NNN), Vacant/Owner-User|
|Sale Terms:||Cash to Seller, Purchase Money Mortgage|
|Average Occupancy Rate:||100|
Overview / Comments
This property is located in downtown Clio and is currently leased through 12/31/2022. Owner could earn 10% return on this investment, with the ability to also depreciate the property for the next two years.
Current lease terms are $900/month NN.
The property is located directly across the street from a large municipal parking lot that provides free parking.
Near restaurants, coffee shops and other downtown Clio amenities.
Price is firm.
Property offers a front office with warehouse in the rear.
Attachments & Media
|Taxing Authority:||City of Clio|
|Property Located Between:||S. Mill Street and W. Young Street|
|Highway Access:||Close to I-75 and US 23, 54 and 53.|
|Airports:||18 minutes from Bishop Airport|
|Site Description:||Property consists of two buildings. One of the buildings is 2,939 sf. and the other building is an 800 sf. office.|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Typical SF / Floor:||2,939 SF|
|Exterior Description:||Well maintained.|
|Parking Description:||On the property next to the building, one can park three cars, one behind the other. On the public street in front of the building, there is free parking for a least two cars. Across the street, there is a large parking area which is either public or so unused, that many cars can park there without disturbance.|
|Heat Type:||Natural Gas|
|Air Conditioning:||Air Curtain|
|Zoning Description:||Commercial property located within the Downtown Development Authority area of Clio. Many businesses in this location. For a complete list, visit: https://clio.govoffice.com/index.asp?SEC=9CB70DCA-83D4-4D36-B602-AD27D860481F&Type=B_BASIC|
|Lot Frontage:||35 ft.|
|Lot Depth:||107.50 ft.|
|Land Ownership:||Fee Simple|
|Legal Description:||PART OF LOT 2 BLK K BEG S 0 DEG 47 MIN 26 SEC E 87 FT FROM NW COR OF LOT 2 TH S 0 DEG 47 MIN 26 SEC E 41.50 FT TH E 2.40 FT TH N 0 DEG 18 MIN 50 SEC E 41.50 FT TH W 3.20 FT TO PL OF BEG & W 29 FT OF N 87 FT OF LOT 2 BLK K ALSO PART OF LOT 2 BLK K BEG 29 FT E OF NW COR OF LOT 2 TH S 0 DEG 47 MIN 26 SEC E 87 FT TH E 4.7 FT TH N 0 DEG 10 MIN 39 SEC E 86.99 FT TH W 6.17 FT TO PL OF BEG & E 25 FT OF LOT 3 BLK K ORIGINAL PLAT OF CITY OF CLIO.|
|Proximity:||1 mile||3 miles||5 miles|
Ellen S. MahoneyRE/MAX Commercial Connection CPIX Member
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