Listed by Exp Realty, LLC, Exp Realty
$295,000
Turn Key- Land Contract Available
Details
APN W22I006206C9
Property Type Business for Sale, Office
Sub Type Business and Building, Medical Office
Square Footage 4,000
Net Rentable (SqFt) 4,000
Units 1
Cap Rate 33.9%
NOI $99,999
Tenancy Vacant
Price per SqFt $100
Broker Co-Op Yes
Class B
Year Built 2000
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.220
Zoning Commercial, Multiple, Office
Investment Type Owner/User
Ceiling Height 20
Ownership Standard (Private)
Recently Renovated I Incredible Potential I 4,000 Sqft.
Marketing description
**LAND CONTRACT TERMS AVAILABLE AND NEGOTIABLE***Discover the incredible potential of 12712 Plymouth Road, Detroit, a versatile 4,000 sq. ft. commercial property perfectly designed for retail, office, or service businesses. Currently used as a Banquet Hall with Restaurant, it is situated on a spacious 80 x 120 ft. lot with 80 feet of road frontage, this property is in a high-visibility area, ideal for attracting foot and vehicle traffic. Built in 2000 and newly remodeled in 2024, the building boasts modern upgrades including floors, ceilings, full kitchen, impeccable trim and design, and open interiors adaptable for uses like a banquet hall, restaurant, or professional services. With paved parking (on-site, lighted, and on-street options) and sidewalks enhancing accessibility, this property caters to a variety of commercial needs. Zoned for multiple uses it’s ready for your vision. Offered with flexible terms, including land contract options, this property is an excellent investment for entrepreneurs and seasoned investors alike. Don't miss this rare opportunity to own or expand your business in Detroit's thriving market!
Listing Contacts
Listed by Exp Realty, LLC, Exp Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,999.00
$8,333.25/mo
Valuation Metrics
0
DSCR
33.9%
Cap Rate
33.9%
ROI
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