Catylist ID:
#30843252
| Catylist Listing ID: | 30843252 |
| Property Subtypes: | Vehicle Related |
| Building Size (RSF): | 700 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.16 Acres |
| Sale Price: | $329,000 |
| Unit Price: | $470 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | 7.11% |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
CURRENTLY OPERATING - DO NOT DISTURB TENANT! PROPERTY DESCRIPTION: Building leased until 7/1/2027. Rare auto sales license. Sales office with 1 bay for detailing. Lot can fit +/-25 cars. Over 22,346 passing motorists daily on Gratiot Avenue. Gratiot Avenue is a very busy 8 lane road that is highly travelled. LOCATION DESCRIPTION: Located on the west side of Gratiot Ave south of Eight Mile Road. |
Attachments & Media
Additional Details
| Nearest MSA: | Detroit-Warren-Dearborn |
| County: | Wayne |
| Tax ID/APN: | 21029171-2 |
| Zoning: | B4, GENERAL BUSINESS |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 1975 |
| Parking Type: | Surface |
| Parking Description: | Fenced in lot |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 25,970 | 207,771 | 472,872 |
| Median Age: | 29.19 | 33.47 | 36.42 |
| Households: | 8,361 | 75,253 | 177,553 |
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