Euclid Avenue Office Complex

Office for Sale
Catylist Listing ID: 29967568
Property Subtypes: Office Building
Building Size (RSF): 19,643 SF
Gross Building Area: 25,720 SF
Gross Land Area: 2.28 Acres
Sale Price: $259,000
Unit Price: $13.19 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Heathtrak
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2016

Overview / Comments

Current occupancy is 8% on the first floor and 24% on the lower level. This is comprised of two tenants allowing for additional tenants and/or owner/user. Originally built as a racquetball court in 1979, a floor was added for first floor office space in 1994 keeping the health club on the lower level until ceasing in 2006. There is a 50' easement on Euclid Avenue for access to the building, which is located approximately 270' from the road. A monument sign exists at the entrance on Euclid Avenue. Reduced from $389,000.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $6,431 (Annual)
Tax Value Land $128,050
Assessed Value - Total($) $128,050 (Annual)

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Bangor Township
Tax ID/APN: 010-018-400-090-01
Zoning: C-2 GENERAL COMMERCIAL DISTRICT
Property Visibility: Fair
Highway Access: I-75, US-10
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 12,860 SF
Year Built: 1979
Year Renovated: 1994
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 94
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-2 General Business District
Lot Frontage: 355
Lot Depth: 280
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: 50' x 245'
Land Ownership: Owned
Legal Description: COM 1234.26 FT N OF SE COR OF SEC TH W 305 FT TO POB TH W 355 FT TH S 280 FT TH E 355 FT TH N 280 FT TO BEG SEC 18 T14N R5E


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,676 54,419 74,679
Median Age: 39.91 40.23 41.11
Households: 3,744 22,837 31,421

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

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