108-112 E. Grand Blanc Road

Retail-Commercial for Sale
Catylist Listing ID: 30197366
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 3,540 SF
Gross Building Area: See Agent
Sale Price: $409,900
Unit Price: $115.79 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/15/2018

Overview / Comments

Fabulous Retail/Office property! Always rented, High traffic count near traffic light.
3 Units, lots of parking! Long term leases, great investment.

Current Tenants

Tenant Business Name OP Nails
Is Renting? Yes
Annual Revenue $16,200 (Annual)
Suite Number 112
SF of Space Occupied 1,180 SF
Current Rent $1,350 PSF (Annual)
Tenant Notes Nail Salon
Tenant Business Name Darby Tax Service
Is Renting? Yes
Annual Revenue $16,200 (Annual)
Suite Number 110
SF of Space Occupied 1,180 SF
Current Rent $1,350 PSF (Annual)
Tenant Notes Accounting/Tax Service
Tenant Business Name Girl Friday Agency
Is Renting? Yes
Annual Revenue $16,800 (Annual)
Suite Number 108
SF of Space Occupied 1,180 SF
Current Rent $1,400 PSF (Annual)
Tenant Notes Personal Assistant/Employment

Additional Details

Nearest MSA: Flint
County: Genesee
Tax ID/APN: 56-15-501-069
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Just West of S, Saginaw Street
Property Visibility: Good
Largest Nearby Street: S. Saginaw Street
Feet of Frontage: 106
Highway Access: I-475, I-75
Airports: Bishop International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1960
Roof Type: Flat
Parking Type: Surface
Heat Type: Natural Gas
Internet Access: Cable
Zoning Description: Commercial
Lot Frontage: 106
Lot Depth: 127
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 110 except a parcel of land beg at SE cor of lot 112 th s 50 deg W to E line of lot 109 TH NLY to NW cor of lot 110 TH NELY to NE cor of lot 110 TH SLY 37.75 ft to POB and E 1/2 of lot 109 Assessors Plat no 1.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,321 50,825 99,541
Median Age: 37.78 37.06 37.46
Households: 3,162 20,311 40,059

Contact

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