$265,000
$328,000
19.2%For more information regarding the value of a property, please contact us for a free consultation.
5,470 SqFt
SOLD DATE : 05/16/2024
Key Details
Sold Price $265,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 5,470 sqft
Price per Sqft $48
Subdivision Mi
MLS Listing ID 50111188
Sold Date 05/16/24
Year Built 1978
Lot Size 2.100 Acres
Acres 2.1
Lot Dimensions 300x300
Property Description
Dr Hafford IS CONTINUING his practice, wants to SELL building and LEASE-BACK. Building is ADA accessible. Dr Hafford occupies the north part of the building which has a finished below grade area. The south side of building was leased for $2,500 per month and is presently vacant. It is a very nice structure. At a projected triple net lease with 100% occupancy, the CAP rate would be about 18%. There is also an XRAY machine in the building.
Location
State MI
County Bay
Area Essexville (09018)
Zoning Professional Office,Commercial
Interior
Heating Forced Air
Cooling Central A/C
Exterior
Parking Features 21+ Spaces
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
SqFt Source Assessors Data
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Commercial Loan,Conventional,Lease,Lease w/Option
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