5050 Gratiot Rd - Drug Store FOR SALE


Saginaw, MI 48638
$1,299,000 USD
248-415-2636
5050 Gratiot Rd, Saginaw, MI for Sale
$1,299,000 USD
Drug Store - FOR SALE
1/10
null | Request Cap Rate

5050 Gratiot Rd
Saginaw, MI 48638


HIGHLIGHTS

  • Vacant Former Rite Aid - includes all furniture, fixtures, and equipment
  • High Visibility at the Northwest Corner of M-46 / Gratiot Road & N Center Road (38,393 VPD Combined)
  • Quick Access to I-75 (63,107 VPD) & I-675 (23,906 VPD)

OVERVIEW

Marcus & Millichap is pleased to present this vacant Former Rite Aid located at 5050 Gratiot Road in Saginaw, Michigan. The property is situated on a 1.6-acre corner lot and was constructed as in 1999. This vacant building offers a prime leasing or development opportunity for an investor. The subject property is well-positioned with high visibility at the northwest corner of M-46 / Gratiot Road (22,499 VPD) and N Center Road (15,894 VPD). The building is located next to White Pine Middle School, which has an enrollment of 940 students in grades 6-8. Arrowood Elementary (437 students, K-5) and Arthur Hill High School (671 students, 9 12) are also close by.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Rite Aid

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

B-3

APN/PARCEL ID

23124291008000

ASK ABOUT THIS PROPERTY

Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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Ashish VakhariyaMarcus & MillichapMore Info
248-415-2636

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