337 State St, Otisville, MI 48463

10,004 SF | Retail Building | Otisville, MI 48463 | $1,427,309 ($143/SF) | 8.25% Cap Rate

For Sale

Active

3 pictures

Asking Price $1,427,309

Property Type: Retail
Square Feet: 10,004 SF
Price / Square Foot: $143

Listing Contacts

Simon Jonna

Raymond Jonna

Layth Barash

Property Overview

10,220 +/- SF Building | 1.5 Acres | Over 80 Parking Spaces, No Competition Nearby | Nearest Pharmacy is 10 Miles Away, NN Single Tenant | Landlord Responsible for Roof & Structure, Below Construction Cost at $140 PSF, Tenant Pays Taxes, Insurance, & CAM Directly, Built 1994 | 2020 Renovation & New Roof with 25-Year Warranty, Base Rent: $117,753.30 Annual | $11.52 PSF.

Property Details

Class: B
Year Built/Renovated: 1994/2020
Stories: 1
Property Subtype: Drug Store
Lot Size (sq. ft): 65,340 SF

Highlights

3 Points of Ingress & Egress | N State Road & Beecher Street
Frontage: 250 +/- Ft. on N State Street
No Competition Nearby | Nearest Pharmacy is 10 Miles Away

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