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|
|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:||3,739 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
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|