11600 Meyers Rd | Detroit, MI 48227
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11600 Meyers Rd
Detroit, MI 48227
Citgo · Retail Property For Sale
Investment Highlights
- Major upside potential
Executive Summary
Detroit Gas Stations For Sale | 5 Locations
Properties can be purchased individually or as a package
Ideal for either investment or owner/operator
8 pumps per location
Major upside potential | Limited supply of gas stations in immediate market area
Opportunity to acquire a critical mass of well-positioned stations with long records of profitability
Each station positioned on corner lots in close proximity to nearby expressways
Mix of creditworthy franchisees | Clark, Metro PCS, Citgo, BP
Traditional service station amenities | Convenience store, 24-hour access, ATM, onsite parking
Properties can be purchased individually or as a package
Ideal for either investment or owner/operator
8 pumps per location
Major upside potential | Limited supply of gas stations in immediate market area
Opportunity to acquire a critical mass of well-positioned stations with long records of profitability
Each station positioned on corner lots in close proximity to nearby expressways
Mix of creditworthy franchisees | Clark, Metro PCS, Citgo, BP
Traditional service station amenities | Convenience store, 24-hour access, ATM, onsite parking
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
1,500 SF
Building Class
C
Year Built
1971
Price
$500,000
Price Per SF
$333
Cap Rate
5.19%
NOI
$25,949
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.50 AC
Zoning
B4 - General Business District
Parking
18 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 18-0066502 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $75,600 |
PROPERTY TAXES
Parcel Number
18-0066502
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$75,600
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