5050 S Old US 23

Retail-Commercial for Sale
Catylist Listing ID: 30454647
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,562 SF
Sale Price: $550,000
Unit Price: $154.41 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 5/26/2020

Overview / Comments

Freestanding building built in 2005 provides 2 suites consisting of approximately 2,400 and 1,200 square feet. Located just south of Spencer Road and north of Grand River Avenue on Old US-23 in Brighton Township. The building is currently fully leased and we a seeking a sale either to an investor or someone that would occupy the building in the future as the current leases expire. The larger suite offers an overhead door.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Livingston
Submarket/Township: Howell/Brighton Area
Taxing Authority: Brighton Township
Tax ID/APN: 4712-32-201-112
Zoning: B2
Retail Clientele: General
Property Located Between: Specer Road and Grand River Avenue
Property Visibility: Excellent
Largest Nearby Street: Old US-23
Feet of Frontage: 100
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,562 SF
Property Condition: Good
Year Built: 2005
Construction/Siding: Block
Parking Type: Surface
Parking Description: Common unreserved
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,365 29,121 55,310
Median Age: 41.07 43.5 43.76
Households: 2,423 11,623 21,319


Photograph of Listing Agent

Trevor L Brooks

Laurex CPIX Member
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