Sandwich Shop/Convenience Store Opportunity (Redevelopment Potential)

Retail-Commercial for Sale
Also listed as Office, Business Opportunity
Catylist Listing ID: 29769704
Property Subtypes: Convenience Store, Free-Standing Building
Building Size (RSF): 3,100 SF
Gross Building Area: See Agent
Gross Land Area: 1.36 Acres
Sale Price: $316,200
Unit Price: $102 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2017

Overview / Comments

*Sale price includes existing business, equipment and catering clients.
*Deli has a 1,500 SF hall in the lower level that rents for $400 per night and is booked on weekends.
*Property has over 300' of main road frontage on Lapeer Road.
*Monument signage.
*B-2 zoning permits retail/medical and office uses.
*Excellent redevelopment opportunity.
*1 mile to I-75 and The Palace of Auburn Hills.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 14-11-352-013, 14-11-352-014, 14-11-352-015, 14-11-352-016
Zoning: B-2
Side of Street: Northwest
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 300
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1959
Total Parking Spaces: 8
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,232 61,418 174,734
Median Age: 29.65 34.54 38.43
Households: 2,689 23,067 67,628


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