18830 Woodward Ave
3,035 SF Retail Building Detroit, MI 48203 $330,000 ($108.73/SF) 13.17% Cap Rate
EXECUTIVE SUMMARY
Amazing retail or professional opportunity directly on Detroit/Michigan’s premier thoroughfare that is ready for immediate occupancy. It has been previously used as medical office and retail space. Daily traffic counts exceeding 20,000. Exceptional signage with a large illuminated pylon sign.
Seller financing available, subject to final documents, w/ 20% down at 9.5%.
It is offered for lease, subject to final documentation, at $18/sf NNN or $4,500/month base rent. The offices can be reconfigured by Landlord or owner upon negotiated terms, with a minimum 5 year base term lease term. Triple net estimates available upon request.
For more information or a showing, please call Paul Asker @ 734-718-4698. DREG 1, Llc.
Seller financing available, subject to final documents, w/ 20% down at 9.5%.
It is offered for lease, subject to final documentation, at $18/sf NNN or $4,500/month base rent. The offices can be reconfigured by Landlord or owner upon negotiated terms, with a minimum 5 year base term lease term. Triple net estimates available upon request.
For more information or a showing, please call Paul Asker @ 734-718-4698. DREG 1, Llc.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,035 SF
Building Class
B
Year Built/Renovated
1967/2017
Price
$330,000
Price Per SF
$108.73
Cap Rate
13.17%
NOI
$43,476
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.25 AC
Zoning
B4 - General Business Distrcit
Parking
19 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
107’ on Woodward Avenue
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 3,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-0097901 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $89,500 |
CONTACT
-
Paul Asker - Asker Partners, PC
