503 N Euclid Ave | Bay City, MI 48706
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- LoopNet Team
503 N Euclid Ave
Bay City, MI 48706
25K SF Value-Add Office Building | 63% Occup · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Owner-Occupied Opportunity – 64% occupied with seven vacant spaces.
- Location – Euclid Ave (26,000 VPD) is situated within a corridor mixed with retail, office, medical, school, and residential areas.
- Short-Term Leases – Short-term leases provides flexibility in repositioning the property
- High Cap Rate – Motivated Seller. Willing to sell north of a 10% Cap Rate on in-place income.
- Service-Based Tenancy – a diverse mix of professional office tenants including a CPA, Attorney, and Cleaning Service.
PROPERTY FACTS
Property Type
Building Size
24,631 SF
Building Class
B
Year Built/Renovated
1950/1970
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,671 SF
Building FAR
0.28
Lot Size
2.03 AC
Zoning
C-2 - Commercial district predominantly residential in character
Parking
115 Spaces (4.67 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 09-010-B30-000-001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $404,950 |
PROPERTY TAXES
Parcel Number
09-010-B30-000-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$404,950
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