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32748767
32748768

22900 Greater Mack Avenue, St Clair Shores, MI 48080

AF
MI 6502432816
$399,000
18 days on market
Updated 18 days ago

22900 Greater Mack Avenue

Details
APN 1434133017
Property Type Business for Sale
Sub Type Business Only
Square Footage 1,761
NOI $700,000
Tenancy Single
Lease Type Gross
Lease Term 11
Lease Expiration 03/13/2031
Remaining Term 8
Rent Bumps Yes
Lease Options assumptions
Price per SqFt $227
Year Built 1975
Stories 1
Acreage 0.340
Zoning Commercial, Light Industrial, Multiple
Investment Type Owner/User
Tenant Credit Credit Rated
Lease Commencement 03/13/2024
Ground Lease No

AUTO SHOP

Marketing description

Land contract available!. Grossing $700,000.00 a year!!!Business opportunity! Turnkey and ready to go. Step into this nearly 2000sqft 3 bay shop right in the heart of downtown st. Clair shores. Shop includes 3 brand new motor electric bay doors, 3 hoists, tire/ balance machine, alignment machine, welding area with welding machine, new air lines, new electrical panel and wiring throughout. All new led lighting for the shop, as well as 16 hard wired cameras to capture your whole operation inside and out. 35+ parking spots. tenants current lease is $3,100/m escalation lease that increases $100 each year for the next 8 years. Taxes and insurance is paid by landlord. Do not miss on a opportunity like this in the gorgeous town in st. Clair shores.

Investment highlights


Listing Contacts

AF
MI 6502432816

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$700,000.00
$58,333.33/mo

Valuation Metrics

0
DSCR
175.44%
Cap Rate
175.44%
ROI

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Additional Information

Name
AHMED FAYZ
License
6502432816
Brokerage
REAL ESTATE ONE DEARBORN HEIGHTS
Brokerage Phone
3134919022
Title
ASSOCIATE BROKER
Brokerage Address
25000 Ford Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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