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8259 S Mason Dr 2,560 SF Retail Building Newaygo, MI 49337 $699,900 ($273.40/SF) 13.76% Cap Rate
Executive Summary
Well established auto repair business located just south of M-82. Thriving business with sales numbers increasing year over year for over 15 years. Sale includes equipment and real estate. Recent updates include roof, furnace and well pump. Great return for a business owner.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,560 SF
Building Class
C
Year Built
2012
Price
$699,900
Price Per SF
$273.40
Cap Rate
13.76%
NOI
$96,306
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
LOCAL ZONE
Parking
20 Spaces (7.81 Spaces per 1,000 SF Leased)
Frontage
150’ on Mason Dr
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Precision Performance Auto Clinic
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Precision Performance Auto Clinic | - | - | - | - |
Property Taxes
| Parcel Number | 18-25-277-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $97,400 |
Property Taxes
Parcel Number
18-25-277-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$97,400
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8259 S Mason Dr
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