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3944-3954 24th Ave 7,930 SF 100% Leased Retail Building Port Huron, MI 48060 $900,000 ($113.49/SF) 8.28% Cap Rate
Investment Highlights
- Fully leased 7,930 SF multi tenant strip center located along a busy commercial corridor in Port Huron.
- Excellent visibility and access in an established trade area make this a solid long term retail asset.
Executive Summary
Zoned C-1, the property features four tenants, separate utilities, and 30+ on site parking spaces, offering a stabilized investment with reduced landlord expense exposure.
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- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,930 SF
Building Class
C
Year Built
1988
Price
$900,000
Price Per SF
$113.49
Cap Rate
8.28%
NOI
$74,525
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.40 AC
Zoning
C-1 - Commercial
Parking
5 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
202’ on 24th Avenue
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $786,800 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$786,800
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