Hartland M-59 Commercial Car Lot

Retail-Commercial for Sale
Catylist Listing ID: 30181496
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Movie Theatre, Restaurant, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 3,760 SF
Gross Land Area: 4.50 Acres
Sale Price: $1,295,000
Unit Price: $344.41 PSF
Ceiling: 16 ft.
Property Use Type: Investment
Building Name: Lafontaine Used Cars
Usable Size (USF): 3,760 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/2/2018

Overview / Comments

4.5 Acres with 534' of frontage on M-59 less than 1/2 mile West of US-23 on South side of M-59. Great visibility, easy highway access 1/2 mile away, Zoned General Commercial. Permitted uses include Financial Institution with Drive Through, Food & Beverage, Adult or Child Care facility, Funeral Home, Veterinary Clinic, Banquest Hall, Fitness Center. Permitable Special Land Uses Include Auto Service, Gas Station, Hotel/Motel, Restaurant with drive through. Building has a 50x40 garage with 4-14' dorrs, and 16' ceiling height. Seller Reserves the right to restrict the future use of this property for auto sales related business, however depending on user, owner may consider use on a case by case basis.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Livingston
Submarket/Township: Howell/Brighton Area
Taxing Authority: Hartland Township
Tax ID/APN: 0829200017
Retail Clientele: General
Property Located Between: 1/2 mile West of US-23 on South side of M-59
Property Visibility: Excellent
Largest Nearby Street: US-23
Feet of Frontage: 534
Traffic/Vehicle Count: 18,000
Highway Access: 1/2 mile to US-23 M-59 intersection
Site Description: Large asphalt parking lot, level, landscaped. Building at center of property.
Area Description: Close to busy intersection, with Meijer, Belle Tire, McDonalds, Burger King, Arby's Culvers, Kroger
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,760 SF
Property Condition: Good
Year Built: 1997
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood Sided, asphalt parking lot.
Total Parking Spaces: 50
Parking Description: Large asphalt lot surrounds building
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Sales/showroom approx. 1750 sq ft, 2000 sq ft shop area
Zoning Description: General Commercial
Lot Frontage: 534
Lot Depth: 375
Water Service: Municipal
Sewer Type: Municipal
Legal Description: In Office

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,292 33,933
Median Age: 40.05 40.62
Households: 5,359 12,097
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