Retail Center Investment Opportunity

Shopping Center for Sale
Catylist Listing ID: 30427361
Property Subtypes: Neighborhood Center, Strip Center
Building Size (RSF): 58,260 SF
Gross Land Area: 5.79 SF
Sale Price: $2,700,000
Unit Price: $46.34 PSF
Property Use Type: Investment
Building Name: Vienna Square
Sale Terms: Cash to Seller
Cap Rate: 9.07%
Last Updated: 5/23/2019

Overview / Comments

58,260 SF community shopping center presenting significant value-add opportunity. Co-Anchored by Goodwill and Mott Community College with 22,425 SF available of immediate lease. About 62% occupancy with $245,000 in place NOI. Located off of I-75 with excellent visibility. New roof and parking lot in 2017. Large Pylon signage, 225 parking spaces available.

Additional Details

Nearest MSA: Flint
County: Genesee
Tax ID/APN: 25-18-16-400-019
Zoning: C-2
Property Visibility: Excellent
Largest Nearby Street: M-57
Feet of Frontage: 268
Traffic/Vehicle Count: 112,000
Highway Access: I-75
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1987
Parking Type: Surface
Total Parking Spaces: 225

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,438 15,901 38,932
Median Age: 42.69 41.23 40.48
Households: 593 6,358 15,395

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