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711 Washington Ave 30,000 SF 100% Leased Office Building Bay City, MI 48708 $225,000 ($7.50/SF)
EXECUTIVE SUMMARY
A grand opportunity to own one of downtown Bay City's unique historic buildings! Welcome to 711 Washington Avenue! Offering 30,000 square the building's 4 levels (15,000 finished office/retail on the main and second floors, the third floor is 7500 of usable sqft and there's an additional usable/partially finished 7500 sqft in the basement) and prime visibility on one of Bay City's most prominent blocks! This building comes equipped with an elevator, tall ceilings,fire suppression/smoke alarm system, and over 20 individual offices. With its C-3 zoning, the possibilities are nearly endless for your business or redevelopment needs! There is a municipal parking lot across the street that offers free nights & weekend parking, and ample street parking in front and all the way around the block. The back of the building has a wide delivery door that accesses the alley, as well. Throughout its lifetime, this magnificent property has been home to Henry Feige Fine Furniture, a Post Office, American Express outlet for rapid tranportation, Theater, Sears & Sams Brothers Departments Stores, and is currently configured for banking needs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1880/2003
Price
$225,000
Price Per SF
$7.50
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,500 SF
Building FAR
4.00
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial, C-3 allowances are in the docs section
AMENITIES
- Central Heating
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 09-160-021-377-009-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $130,500 |
PROPERTY TAXES
Parcel Number
09-160-021-377-009-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$130,500
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711 Washington Ave
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