904 Lafayette Ave - Storefront FOR SALE


Bay City, MI 48708
$4,350,000 USD
248-781-8076
904 Lafayette Ave, Bay City, MI for Sale
$4,350,000 USD
Storefront - FOR SALE
1/1
null | 8.09% Cap Rate

904 Lafayette Ave
Bay City, MI 48708


HIGHLIGHTS

  • National tenant mix
  • New NAPA lease
  • 92.2% occupancy

OVERVIEW

Located south of Bay City's downtown, this neighborhood retail center is anchored by Save A Lot and Family Dollar with national inline tenancy in NAPA Auto Parts, Subway, Little Caesars, and H&R Block. The property offers investors stable in place cash flow through an existing 92% occupied rent roll. There is also upside potential through the lease up of a vacant suite and increase of in-place rents upon expiration.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

8.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lafayette Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

266

LAND DETAILS

LAND ACRES

7.54 AC

LAND SF

328,442 SF

ZONING

C-2

APN/PARCEL ID

09-160-033-132-011-00

ASK ABOUT THIS PROPERTY

George AbroAltitude Commercial Real EstateMore Info
248-781-8076

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George AbroAltitude Commercial Real EstateMore Info
248-781-8076

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