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- LoopNet Team
1280 Imlay City Rd
Lapeer, MI 48446
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Great road frontage on heavily traveled road
- Newer plaza with plenty of parking with 12% cap rate
- Liquor Store/ liquor license and plans for gas station included in sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
ABOUT 1280 IMLAY CITY RD , LAPEER, MI 48446
Great Opportunity to own a newer 3 unit plaza with liquor store business almost a total of 8,000 square feet. There is an approval of adding a gas station to the location, drawings are included with the sale. 12%+ CAP RATE!! Located on a high traffic road with 256' of road frontage The total square footage of the entire building is 7,775 sq. ft, the convenience/liquor store occupies around 4,000 sq. ft of the building, then there are 2 additional rental spaces that are 1,875 sq. ft each. Liquor store sales are $1,000,000 per year, plus $62,468 lotto commission per year. Rental income is in an additional $3,200 monthly. Ample parking accommodating 21+ cars. Additional information available upon request and qualification. THIS IS A CONFIDENTIAL SALE. "DO NOT APPROACH OWNERS OR EMPLOYEES OR TENANTS", PLEASE BE DISCRETE!
PROPERTY TAXES
| Parcel Number | L20-83-452-040-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,200 |
PROPERTY TAXES
