248-351-4384
12 N Saginaw St, Pontiac, MI for Sale
Storefront Retail/Office - FOR SALE
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12 N Saginaw St
Pontiac, MI 48342
Pontiac Downtown


HIGHLIGHTS

  • Rare Opportunity to Acquire an Operating Entertainment Venue in Oakland County
  • Prime Downtown Location with High Visibility and Access to Major Freeways (I-75, M-59, Woodward Ave, Telegraph Rd)
  • Central to Oakland County and Metro Detroit, with Approximately 2 Million Residents within a 20-Minute Drive
  • Fully Operational Asset with Established Community Presence and Regional Appeal
  • Located in a Walkable, Improving Downtown with ongoing City Efforts to Enhance Parking, Accessibility, and Streetscape Infrastructure

OVERVIEW

This offering comes at a pivotal moment for Pontiac’s resurgence. The removal of the Phoenix Center, the reopening of Saginaw Street—restoring the historic street grid—and the relocation of hundreds of Oakland County employees just blocks away are accelerating revitalization efforts. In addition to the theatre itself, the property includes a fully built-out restaurant space with an active tenant, generating rental income and drawing foot traffic to the venue. Inside the theatre, Charlene’s bar offers a charming and functional amenity for patrons and eventgoers, enhancing the hospitality and event experience. Strategically positioned in the center of Oakland County, the Flagstar Strand Theatre is a legacy asset with strong cultural significance and growing regional appeal. As downtown redevelopment gains momentum, this venue is well-positioned for enhanced value through programming, partnerships, and long-term growth. This is a unique opportunity to acquire and operate a premier performing arts destination—with built-in food and beverage infrastructure—in a market poised for transformation. The rich history speaks for itself and the opportunity to own/operate one of the premier venues in Oakland County is a once in a lifetime opportunity

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagstar Strand Theatre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C2

APN/PARCEL ID

14-29-484-006

ASK ABOUT THIS PROPERTY

Daniel McClearyNAI FarbmanMore Info
248-351-4384

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Daniel McClearyNAI FarbmanMore Info
248-351-4384

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