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315 3rd St - The Oakland 30,000 SF Specialty Building Offered at $604,000 in Bay City, MI 48708

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INVESTMENT HIGHLIGHTS

Indoor automobile/small or medium boat storage
High traffic, visibility location

Freight elevator

EXECUTIVE SUMMARY

Commissioned in 1912 by the Oakland Motor Car Company, The Oakland is one of Bay City's most recognizable buildings. A 1992 addition brought its footprint up to an impressive 30,000 sqft of high quality constructed warehouse & office space. With its prime downtown Bay City position, surrounded by over 225 apartments & nearly 100 condos, this building would be a great investment for an indoor storage facility, however there are many potential uses within its historic walls! Notable features include: a 6000 lb freight elevator, 3 phase power, the building is fully sprinkled with a dry fire supression system, multiple overhead/bay doors throughout the building (10' tall), two loading docks, 3200 sqft of office space on main floor & luxury office/meeting space on the second level, the large conference room/studio on main level is fully ADA compliant, and there's room for 100+ vehicles between the main & upper levels. There is ample parking in the back lot, and on street parking throughout the immediate area. You can be part of downtown's rapid expansion & evolution in one of our original buildings that showcases our rich automotive history, from the era that built Bay City!

PROPERTY FACTS

Price	$604,000	Lot Size	0.51 AC
Price Per SF	$20.13	Building Size	30,000 SF
Sale Type	Investment or Owner User	No. Stories	2
Property Type	Specialty	Year Built	1912
Property Subtype	Self-Storage Specialty Carwash	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C
Zoning	C-3 CTRL B - Downtown, commercial. There are recorded deed restrictions.

Price	$604,000
Price Per SF	$20.13
Sale Type	Investment or Owner User
Property Type	Specialty
Property Subtype	Self-Storage Specialty Carwash
Building Class	C
Lot Size	0.51 AC
Building Size	30,000 SF
No. Stories	2
Year Built	1912
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-3 CTRL B - Downtown, commercial. There are recorded deed restrictions.