134 W. State Street

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30049708
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 3,984 SF
Gross Building Area: See Agent
Sale Price: $799,000
Unit Price: $200.55 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/11/2018

Overview / Comments

Large corner lot on State Street & Pine Street. 4,000 SF building on two levels. Rare on-site parking. This building is adjacent to the new city parking lot that is slated to become a new parking structure. With plenty of parking nearby, property is ripe to re-develop or keep building and add additional buildings on the site. The existing building has been completely remodeled and shows beautifully. Currently leased, although new owner could use part of the building for their own business. Great investment property.

Additional Details

Nearest MSA: Traverse City
County: Grand Traverse
Tax ID/APN: 28-51-794-020-00
Zoning: COMMERCIAL OFFICE
Property Located Between: Downtown Traverse City
Property Visibility: Excellent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,742 29,227 43,934
Median Age: 40.98 42.23 42.74
Households: 2,205 13,387 19,459

Contact

Photograph of Listing Agent

Daniel Stiebel

Coldwell Banker Schmidt
CPIX Member
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