Roosevelt-Austin

Office for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30634969
Property Subtypes: Business Park
Building Size (RSF): 21,000 SF
Gross Land Area: 7,000 - 15,000 SF
Sale Price: $9,500 - 34,500
Unit Price: $0.45 - 1.64 PSF
Ceiling: 20 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Roosevelt- Austin
Class of Space: Class C
Usable Size (USF): 21,000 SF
Core Factor: 18%
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 7/30/2020

Overview / Comments

Building fills the site however 8,000 sf parking across street goes with building.
Purchase Building only: $27,000 or Lot only: $9,500, Both 34,500
Would make a good Bar, Restaurant, or Entertainment site In conjunction with the adjacent site would make a great outdoor theater as it has a 2ond story sliding Door for a Beauty to sing from and other openings for transition to a Stage.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Taxing Authority: City of Saginaw
Tax ID/APN: 03 0461 00000
Property Located Between: Genessee & Roosevelt-Austin
Property Visibility: Fair
Highway Access: I-675 few Blocks away, Genessee, Major Saginaw Street adjacent.
Airports: MBS, Bay City, Flint
Site Description: Neat Commercial area.
Area Description: Downtown Saginaw.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 7,000 SF
Year Built: 1900
Year Renovated: 2005
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick with plenty of window openings
Parking Ratio: 10 (per 1000 SF)
Parking Type: Surface
Parking Description: 60' X 132' across, not Busy Street.
Total Parking Spaces: 18
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other
Interior Description: Modest improvements.
Zoning Description: Commercial.
Lot Frontage: 83'
Lot Depth: 86
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: FRL.LOT 6,EXC.W.39.5FT.,BLK.91, MAP OF THE CITY OF EAST SAGINAW,ALSO COMMONLY KNOWN AS HOYTS PLAT.ALSO THAT PARTOF FRL.LOT 7,BLK.91 SAID HOYTS PLAT VIZ.COMG.AT N.E.CORNER OF LOT 7,THENCE W.ON LOT LINE BETWEEN LOTS 6 & 7 TO A POINT 39.5 FT.E.OF W.LINE OF LOT 7, THENCE S.PARL.TO W.LINE OF LOT 7 TO A POINT 100.25 FT.S.OF N. LINE OF SAID LOT 6,THENCE E.6 INCHES,THENCE ELY.AT RIGHTANGLES TO SECOND AVE.TO A POINT 21.59 FT.S.OF N.E.CORNEROF SAID LOT 7 THENCE NLY.ALONG WLY.ST.LINE TO PLACE OF BEG.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,509 69,820 108,793
Median Age: 35.79 34.71 38.03
Households: 3,214 27,321 44,221

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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