$700,000
$795,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
19,738 SqFt
SOLD DATE : 03/31/2023
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 19,738 sqft
Price per Sqft $35
MLS Listing ID 61050094750
Sold Date 03/31/23
Originating Board Saginaw Board of REALTORS®
Year Built 1971
Annual Tax Amount $20,310
Lot Size 2.350 Acres
Acres 2.35
Lot Dimensions 102366 square feet
Property Description
A rare opportunity to own one of the largest buildings on one of the biggest lots on Bay Rd, the main business corridor in Saginaw. Zoned B-4 the best commercial zoning available. Almost 20,000 sq.ft with another almost 4,500 sq.ft in the dual access basement with about 2.35 acres of land, the possibilities are endless. Current use is as a shopping plaza but you can make it anything you want, even potentially build another building on the lot, and add chargers for electric cars. The property is not encumbered by any kind of corporate restrictions, non-competes etc. The property also has front and rear access with the rear off of Christy Way. Two entrances off of Bay Rd with 238 feet of frontage. Land value alone is $500,000. Potential cap rate of 10% or greater. Suite 8 (front of building off Bay Rd) approximately 4,500 sq.ft Suite 6&7 approximately 4,500 sq.ft Suite 5
Location
State MI
County Saginaw
Area Saginaw Twp
Zoning Commercial,Multiple,Office,Light Industrial
Exterior
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Saginaw Twp
Others
Tax ID 23124101006000
Ownership Corporate/Relocation,Short Sale - No
Acceptable Financing Cash, Contract, Conv. Blend Rt, Conventional, Other
Listing Terms Cash, Contract, Conv. Blend Rt, Conventional, Other
Financing Cash,Contract,Conv. Blend Rt,Conventional,Other
Special Listing Condition Full Service
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