Listed by Fortis Net Lease
$750,000
3080 N CENTER RD FLINT MI 48506
Details
APN 11-34-300-007
Property Type Office, Industrial
Sub Type Traditional Office, Flex
Square Footage 32,979
Net Rentable (SqFt) 32,979
Units 15
Occupancy 60%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 11.32%
Pro-Forma NOI $84,900
Price per SqFt $23
Class B
Year Built 1989
Year Renovated 2021, 2023, 2025
Buildings 2
Lot Size (SqFt) 87,207
Zoning Commercial
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Ceiling Height 20
Loading Docks 12
Sale Condition For sale by owner
2026 Appraisal - $785,000 | New Roof in 2025 | Upside Potential | Kroger Shadow Anchored
Marketing description
Seller is motivated to move this property! All offers will be countered! This well located Office-Industrial Flex Space is ideal for the owner-user or passive income investor. With near 100% occupancy in the flex space, the office provides upside ability with additional leasing efforts. The Kroger anchored shopping center provides constant consumer traffic and high visibility to passing vehicles.
Investment highlights
- Appraisal Came Back at $785,000 - Instant Equity
- Current NOI is $42,520
- New Roof on Office Portion in 2025
- Kroger Shadow Anchored - High Traffic Visibility
- Upside Potential with Office Leasing
- Property Manager In-Place
- Below Market Rents
Listing Contacts
Listed by Fortis Net Lease
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