2643-2661 S Lapeer Rd - Retail FOR SALE


Lake Orion, MI 48360
$1,800,000 USD
947-517-6226
2643-2661 S Lapeer Rd, Lake Orion, MI for Sale
$1,800,000 USD
Retail - FOR SALE
1/12
null | Request Cap Rate

2643-2661 S Lapeer Rd
Lake Orion, MI 48360


HIGHLIGHTS

  • 2643-2661 S Lapeer Road presents a 16,6940-square-foot retail strip center that has consistently been a home to a variety of local tenants.
  • Over 230 feet of direct frontage off S Lapeer Road, seeing approx. 37,524 vehicles passing daily, an immense built-in exposure benefit.
  • The strip center is well-maintained, serves local/ internet-resistant tenants well, and has multiple ingress/egress points of access.
  • Immense upside potential to tap into as the center is currently vacant and in move-in ready condition at or above market-rate rents.

OVERVIEW

NAI Farbman is pleased to present the premier retail strip of Palace Pointe Center with untapped, excellent visibility along the heavily trafficked Lapeer Road, in Lake Orion, MI. The multi-tenant center is consistently well-served local, internet-resistant tenants since being in the lake 1980's. Since then, it has continued to be well-maintained and easily accessible. With multiple points of entry/ exit off S Lapeer Road, the daily 37,524 vehicles passing are easily exposed to the center and its tenants. Each tenant is allocated prominent building signage over their designated glass window storefront. There is plentiful parking on-site for employees and patrons and lush landscaping throughout. Palace Pointe Center is across the street from Home Depot, surrounded by a well-established suburb full of modern neighborhoods. There are limited neighborhood retailers in the immediate area, enabling strong consumer demand for the center to be fully occupied at or above NNN market-rate rents. The residential population of the center's surrounding three-mile radius exceeds 29,000 locals. Inquire today for more information. Don't miss this cash-cow asset ready to be occupied and fulfill Lake Orion's consumer demand.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Palace Pointe Retail Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

RB-2

APN/PARCEL ID

09-23-402-025

ASK ABOUT THIS PROPERTY

Brandon Ben-EzraNAI FarbmanMore Info
947-517-6226

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Brandon Ben-EzraNAI FarbmanMore Info
947-517-6226

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