119 S Main St - Storefront Retail/Office FOR SALE


Reading, MI 49274
$599,999 USD
248-752-1276
119 S Main St, Reading, MI for Sale
$599,999 USD
Storefront Retail/Office - FOR SALE
1/35
null | Request Cap Rate

119 S Main St
Reading, MI 49274


HIGHLIGHTS

  • On Main Street, just North of Cherry Street on the East side of the Road.

OVERVIEW

Municipal Approved Adult-Use Provisioning Center for sale — license and real estate included. The property includes a full basement for additional storage and two (2) apartments on the second floor for employees or an additional income stream. One (1) apartment is leased for $650 per month on a month-to-month lease, and one (1) needs construction completion. Ample parking is available with both municipal street parking and the municipal parking lot in the rear of the site. Located in the heart of Reading, a capped and highly competitive market, with this being one (1) of only four (4) Adult-Use retail licenses. The site is in immediate proximity to both the Indiana and Ohio borders, presenting a unique chance to establish a strong presence in a high-demand market. Great synergy in the immediate marketplace with several national and local tenants.

FOR SALE DETAILS

PRICE

$599,999 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Commercial

APN/PARCEL ID

20-040-001-076

ASK ABOUT THIS PROPERTY

Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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Corbin YaldooC3 CRE, LLCMore Info
248-752-1276

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