Property & Business for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30704470
Property Subtypes: Convenience Store
Building Size (RSF): 4,332 SF
Gross Building Area: See Agent
Gross Land Area: 0.79 SF
Sale Price: $1,400,000
Unit Price: $323.18 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Williams Party Store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/4/2021

Overview / Comments

Established convenience store & deli located on busy corner of W Michigan Ave & Textile Road with almost immediate access to US-23. High traffic counts, easy ingress/egress & plenty of parking.

Ideally located in Pittsfield Township, surrounded by established national & local retail and residential neighborhoods. Minutes to Ypsilanti, Saline and Ann Arbor.

Property and business to be sold simultaneously, cannot be purchased separately. Includes liquor license. Do not approach employees. All showings must be accompanied by listing Broker.

Additional information provided with signed confidentiality agreement.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Pittsfield Township
Tax ID/APN: L -12-23-300-021, L -12-23-300-044
Zoning: FB: FORM-BASED MIXED USE
Retail Clientele: General, Family, Business, Traveler, Convention, Other
Property Located Between: Corner of Textile Road & W Michigan Ave
Property Visibility: Excellent
Largest Nearby Street: W Michigan Ave
Feet of Frontage: 238
Traffic/Vehicle Count: 28,329
Highway Access: US-23
Airports: Detroit Metro, Willow Run & Ann Arbor Municipal
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Roof Type: Gable
Construction/Siding: Brick
Total Parking Spaces: 20
Parking Ratio: 4.4 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: The Master Plan identified focus development areas within the Township that place greater emphasis on regulating urban form and character of development as well as use and intensity of use. Within these focus areas the Township encourages development with a mix of uses, including public open space, in order to provide transit oriented development in a sustainable way. The Form-Based Mixed Use Districts are intended to implement the vision, goals, and objectives of the Master Plan and any other applicable Plans.
Lot Frontage: 237.67
Lot Depth: 288.03
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: available with title commitment
Land Ownership: owned
Legal Description: COM AT S 1/4 COR SEC 23, TH N 01-15 W 250.94 FT, TH N 83-14 W 615.45 FT TO POB, TH N 01-36 E 287.55 FT, TH S 57-32 W 137 FT, TH S 32-28 E 55.47 FT, TH S 01-05 W 46.78 FT, TH N 88-55 W 52.50 FT, TH S 01-13 W 105.51 FT, TH S 83-14 E 134.33 FT TO POB. COM AT S 1/4 COR SEC 23, TH N 01-26-50 W 250.94 FT, TH N 83-25-50 W 749.78 FT TO A POB, TH N 01-13-00 E 105.51 FT, TH S88-55-00 E 52.50 FT, TH N 01-05-00 E 46.78 FT, TH N 32-28-00 W 55.47 FT, TH SW'LY ON S LN OF MICH AVE 362.8 FT, TH 280.60 FT ALNG ARC OF CURV-RT-RAD1321.41 FT - CH S 89-30-50 E 280.07 FT TO THE POB, EXC THAT PT WEST OF A LN DESC AS; COM AT S 1/4 COR SEC 23, TH N 01-26-50 W 250.94 FT, TH N 83-25-50 W 750.00 FT, TH N 83-39-12 W 9.52 FT TO A POB, TH N 25-34-22 W 200.00 FT TO THE POE.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,619 39,728 151,150
Median Age: 34.3 35.29 34.42
Households: 587 16,321 61,446

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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