Cedar St Retail Strip Center

Retail-Commercial for Sale
Catylist Listing ID: 30281992
Property Subtypes: Street Retail
Building Size (RSF): 7,150 SF
Gross Land Area: 0.52 SF
Sale Price: $450,000
Unit Price: $62.94 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Usable Size (USF): 7,150 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/18/2018

Overview / Comments

Located at the corners of Cedar and Jolly in South Lansing, this location is directly across from U Haul and next door to JD ByRider. Nearby are Walgreen's, Family Dollar and McDonald's.
Two available suites in the building of 3,575 and 1,575 which are contiguous. Suites are separately metered for electric and have a single water meter for the building. NNN leased property.
This could make an ideal owner occupied property given the current available suites, or returned to investment use with the placement of tenants.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing - Ingham County
Tax ID/APN: 33-01-01-33-482-003
Retail Clientele: General, Family
Property Located Between: Cedar / Jolly
Property Visibility: Excellent
Largest Nearby Street: Cedar
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1983
Roof Type: Flat
Construction/Siding: Block

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,814 93,230 200,546
Median Age: 38.09 33.54 33.07
Households: 4,279 37,624 79,082
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