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Former Drug Store - 14,564 SF on 2.08 AC 59010 Gratiot Ave

14,564 SF Retail Building New Haven, MI 48048 $1,800,000 ($124/SF)

Investment Highlights

  • 14,563 Square Foot Free Standing Building Situated on 2.08 Acres of Land
  • Hard Corner Location at a Signalized Intersection
  • Prime Location in New Haven - Hard Corner Location at the Corner of 27 Mile and Gratiot Avenue in New Haven
  • Former Drug Store - 2008 Construction - High Image Brick Construction - Drive Thru Equipped
  • Oversized Parcel with a Plethora of Re-Tenanting and Re-Development Possibilities
  • Approximately 2 Miles from I-94's 26 Mile Road Exit

Executive Summary

Encore Real Estate Investment Services presents this 14,563 square foot free-standing building located on 2.08 acres of land, formerly a drug store, constructed in 2008 with high-image brick and drive-thru capabilities. Positioned at a signalized hard corner intersection in New Haven at the junction of 27 Mile and Gratiot Avenue, the property boasts excellent visibility and accessibility from both roads. It offers significant re-tenanting and redevelopment potential, benefiting from a prime location just 2 miles from I-94's 26 Mile Road exit. The site is situated in northern Macomb County, an area experiencing robust suburban growth with numerous housing developments nearby.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,564 SF
Building Class
B
Year Built
2009
Price
$1,800,000
Price Per SF
$124
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
6.23 AC
Zoning
General Business
Parking
85 Spaces (5.84 Spaces per 1,000 SF Leased)
Frontage
307 FT on Gratiot Ave

Amenities

  • Signage
  • Drive Thru

Nearby Major Retailers

PNC Bank
Sticky Fingers Smoke & Vape
  • Listing ID: 32952653

  • Date on Market: 8/25/2024

  • Last Updated:

  • Address: 59010 Gratiot Ave, New Haven, MI 48048

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