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Joy Dexter Plaza 3406-3430 Joy Rd 9,717 SF 100% Leased Retail Building Detroit, MI 48206 For Sale
INVESTMENT HIGHLIGHTS
- Significant value-add opportunity through lease-up of remaining vacancies
- Multiple Points of Ingress and Egress
- Strong Demographics - Average Household Income Within 5 Miles is in Excess of $55,000
- Situated within easy reach of major transportation routes.
- Population Within a 5 Mile Radius of the Subject Property is in Excess of 350,000
EXECUTIVE SUMMARY
Encore REIS is pleased to present Joy Dexter Plaza, an 8,551 square foot shopping center located in Detroit, MI. Nestled within a dense and economically diverse community, Joy Road Plaza stands as a terrific value-add opportunity with excellent visibility and frontage on Joy Rd. Anchored by a single 3,000 square foot tenant, this commercial property embodies the resilience and potential for growth that characterizes the local community.
The anchor tenant, occupying a substantial portion of the center, brings a unique and valued presence that resonates with the neighborhood's residents. They have shown a commitment to serving the local community by providing services that serve the lives of those in the surrounding area.
With ample room for expansion, this shopping center can provide new businesses with an opportunity to lease the additional available space. The potential for diverse retail offerings and community-focused ventures is vast, promising an inclusive hub that addresses the specific needs of the neighborhood's residents.
Jerry Helmer, Auctioneer
MI License: 6504064915
The anchor tenant, occupying a substantial portion of the center, brings a unique and valued presence that resonates with the neighborhood's residents. They have shown a commitment to serving the local community by providing services that serve the lives of those in the surrounding area.
With ample room for expansion, this shopping center can provide new businesses with an opportunity to lease the additional available space. The potential for diverse retail offerings and community-focused ventures is vast, promising an inclusive hub that addresses the specific needs of the neighborhood's residents.
Jerry Helmer, Auctioneer
MI License: 6504064915
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,717 SF
Building Class
C
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.66 AC
Zoning
Commercial
Parking
28 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
351’ on Joy Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 12-00271-720 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $235,300 |
PROPERTY TAXES
Parcel Number
12-00271-720
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$235,300
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Joy Dexter Plaza | 3406-3430 Joy Rd
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