5025 S. Pennsylvania

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 17892602
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 1,960 SF
Gross Land Area: 0.40 Acres
Sale Price: $250,000
Unit Price: $127.55 PSF
Property Use Type: Vacant/Owner-User
Building Name: C store
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2016

Overview / Comments

This property has had substantial Investment into the c-store renovation. Tanks have all been pulled. This property is food ready at the NE corner of Penn and Jolly. Price has been substantially reduced.
property is also available for lease at $12 sq ft net. preference to sell

Financials

Finance Data Year 2011
Lender Name FLAGSTAR BK FSB
Loan Amount $120,000
Loan Due Date 1/2016
Amortization Period 10Y
Finance Data Year 2010
Real Estate Taxes - Annual($) $6,888 (Annual)
Assessed Value - Total($) $132,900 (Annual)
Lender Name FLAGSTAR BK FSB
Loan Amount $120,000
Loan Due Date 1/2016
Amortization Period 10Y

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-34-376-131
Zoning: J & E-2
Market Type: Large
Property Located Between: Jolly NE corner Site
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Pennsylvania
Feet of Frontage: 132
Transportation: Highway
Site Description: Tanks Have been pulled Corner lot
Area Description: Dense
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,960 SF
Property Condition: Excellent
Year Built: 1957
Year Renovated: 1999
Roof Type: Arched
Parking Type: Surface
Parking Description: All Paved
Heat Type: Gas
Interior Description: Excellent Food ready
Zoning Description: E-c Commercial and some J parking
Lot Frontage (Feet): 132
Lot Depth: 133
Land Ownership: H&A Investment Co,Inc
Legal Description: LOTS 35 & 36 EXC S 7 FT THEREOF PLEASANT RIDGE PLAT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,497 82,150 205,181
Median Age: 36.81 33.56 33.29
Households: 4,968 33,343 81,175

Contact

Photograph of Listing Agent

Kenneth B. Stockwell CCIM,SIOR

Stockwell Real Estate Group, Inc. CPIX Member
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