This Property is no longer advertised on Showcase.com.
Off Market
1/20

930 Washington Ave
Muskegon, MI 49441


HIGHLIGHTS

  • The entire property sits within the Opportunity Zone.

OVERVIEW

The Watermark Center is a 650,000+ SF mixed-use development located in Muskegon, MI and housed in the former Shaw Walker furniture factory. The property is positioned across the street from the deep water port of Muskegon Lake which is connected to Lake Michigan. The site is 15+ acres, an entire city block. Within the property there are 33 fully-occupied 1-3 bedroom loft units with a waiting list. The Watermark 920 is a 9,500 SF event center that is wildly successful and booking 1-2 years in advance. The Coffee Factory is a 2,500 SF masterpiece of a coffee shop. Adjacent to the Coffee Factory is a 2,500 SF office. There is 104,105 SF currently being leased by Knoll Corporation. The remainder of site is 492,025 SF of unfinished shell. The entire property sits within the OPPORTUNITY ZONE.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

The Watermark - 930 Washington Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

73742

STORIES

5

YEAR BUILT

1902

PARKING SPACES

37

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

24-855-000-0001-00,24-855-000-0012-00,24-855-000-0048-00