1033 Barkell St - Schools FOR SALE


Pontiac, MI 48340
$450,000 USD
248-563-0739
1033 Barkell St, Pontiac, MI for Sale
$450,000 USD
Schools - FOR SALE
1/6
null | Request Cap Rate

1033 Barkell St
Pontiac, MI 48340


HIGHLIGHTS

  • Ideal for Senior Living | Multifamily Apartments | Mixed- Use Commercial | Office Medical
  • Former Labaron Elementary School
  • I-75 interchange provides immediate access to local freeways and expressways to local communities serving Oakland and Macomb counties.
  • Situated off Joslyn Ave, between E. Walton Blvd and N. Perry St.

OVERVIEW

Joslyn Ave between 1st Ave & E. Beverly Ave |Joslyn Ave between E. Walton Blvd & N. Perry St Barkell is a cold shell – the kids vandalized this building, recently. Structurally, it is good with walls all as cement block walls in classrooms and hallway. No environmental or survey – historically, always been a school building . The city’s preference for the site are housing projects or school/educational use…. This site is directly across from the General Motors Propulsion Systems World Headquarters on Joslyn/near I-75. This former school building – almost 40,000 sf – has been cared for but vandals continue to erase our progress at the school site. As of late, vandals tried to set our building on fire --the fire department took out every one of our windows. Leaving our historical building in rough condition. The building has very strong bones, still. We are pleased to being to market the former Labaron School Elementary School in Pontiac. The building was designed and built with fine architectural details. The two-story complex features a massive open space gymnasium and performance/stage space, locker rooms, shower rooms with high ceilings alongside sprung wooden floors and full cafeteria/kitchen facilities. The school offers over 20 classrooms and several small offices. The building was built with a solid brick and concrete construction. The location is idea as it the area employers include Amazon, Lee Contracting, United Shore Mortgage. In the immediate area, General Motors Performance & Racing Center and General Motors Propulsion Systems World Headquarters, G.M. Stamping, USPS Michigan Metroplex P&DC, City Glass Company Previously a small fire occurred in the gymnasium, whereby the fire department busted the windows. Since then, Ownership has been embarking on a project to clean-up and rehab the school. He is in the process of gutting the school and manicuring the lawn, now he is able to secure workers. The site has been vacant for a decade, and all the equipment FF&E are the original equipment. The property is situated off Joslyn Ave, between E. Walton Blvd and N. Perry St. The I-75 interchange provides immediate access to local freeways and expressways to local communities serving Oakland and Macomb counties.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$12 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

ADD'L SUBTYPES

Lodge/Meeting Hall, Public Library, Religious Facility

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1944

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.59 AC

LAND SF

199,940 SF

ZONING

ME

APN/PARCEL ID

14-16-451-012

ASK ABOUT THIS PROPERTY

Wendy AchoNAI FarbmanMore Info
248-563-0739

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Wendy AchoNAI FarbmanMore Info
248-563-0739

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.