Listed by Friedman Real Estate
Unpriced
Riverview Plaza
Details
APN 14-1831-00000
Property Type Retail
Sub Type Commercial
Square Footage 88,774
Occupancy 58%
Tenancy Multi
Lease Type NNN
Acreage 6.750
Zoning Mixed-Use 4
Parking Spaces 400 spaces
Parking per 1,000 SqFt 4.51
Investment Type Value Add
240-320 W Genesee Ave, Saginaw, MI 48602
Investment highlights
- Near-Downtown Location: Riverview Plaza is situated directly across the Saginaw River from Downtown Saginaw, which houses the Dow Event Center, central transit stations, restaurants, municipal services, and shops
- Freeway Access & Visibility: Offering freeway visibility and just blocks away from an interchange to I-675, offering convenience to I-75, a main commercial expressway that stretches from the northern tip of Michigan down to Florida
- New Zoning Allows for Redevelopment: Mixed-Use 4 zoning district is intended to transition uses to adaptable mixed-use residential, commercial, and light industrial uses. Permitted uses include general mixed-use office, residential, retail, hotel, research and development, school, and medical
- Downtown Saginaw Investments: Saginaw is experiencing a wave of investment centered around medical, mixed-use, public space, and entertainment redevelopment with the Medical Diamond Project leading the way
- Large Site with Two Road Frontages: Situated on ±6.75 acres with ingress/egress to both Genesee Ave. And Davenport Ave
- Value-Add Leasing Opportunity: Ability to drive NOI exponentially through lease-up of existing suites
Listing Contacts
Listed by Friedman Real Estate
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