This Property is no longer advertised on Showcase.com.
Off Market
1/21

1280 Imlay City Rd
Lapeer, MI 48446


HIGHLIGHTS

  • Great road frontage on heavily traveled road
  • Liquor Store/ liquor license and plans for gas station included in sale
  • Newer plaza with plenty of parking with 12% cap rate

OVERVIEW

Great Opportunity to own a newer 3 unit plaza with liquor store business almost a total of 8,000 square feet. There is an approval of adding a gas station to the location, drawings are included with the sale. 12%+ CAP RATE!! Located on a high traffic road with 256' of road frontage The total square footage of the entire building is 7,775 sq. ft, the convenience/liquor store occupies around 4,000 sq. ft of the building, then there are 2 additional rental spaces that are 1,875 sq. ft each. Liquor store sales are $1,000,000 per year, plus $62,468 lotto commission per year. Rental income is in an additional $3,200 monthly. Ample parking accommodating 21+ cars. Additional information available upon request and qualification. THIS IS A CONFIDENTIAL SALE. "DO NOT APPROACH OWNERS OR EMPLOYEES OR TENANTS", PLEASE BE DISCRETE!

FOR SALE DETAILS

PRICE

-

CAP RATE

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% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station, Storefront

TOTAL BUILDING SIZE

8000

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

L20-83-452-040-00