65 S State St - Storefront FOR SALE


Hart, MI 49420
$279,000 USD
231-719-7230
65 S State St, Hart, MI for Sale
$279,000 USD
Storefront - FOR SALE
1/19
null | 7% Cap Rate

65 S State St
Hart, MI 49420


HIGHLIGHTS

  • Established Single Tenants
  • Auto Store has over 60 years of continual occupancy in this building
  • about 2 years left of current 3 year term with 1 more optional 3 year term with 5% rent increase
  • New Roof in 2025
  • Building is centrally located in downtown Hart

OVERVIEW

- Centrally located in downtown with main street road frontage - Included with the sale of this commercial building is a well established National Franchise Napa Auto Parts store.-- - Purchaser to assume a 3 year lease, within its first year term. With the option to renew a 3 year lease upon completion of current term. - The building has been well kept and maintained, which also includes a new roof. - Over 60 years of continual occupancy.

FOR SALE DETAILS

PRICE

$279,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NAPA Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Storefront Retail/Office, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial

APN/PARCEL ID

020-628-002-00

ASK ABOUT THIS PROPERTY

Nicole CarothersCentury 21More Info
231-719-7230

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Nicole CarothersCentury 21More Info
231-719-7230

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