16853-16895 Penrod

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30055818
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 6,200 SF
Gross Land Area: 0.63 Acres
Sale Price: $410,000
Unit Price: $66.13 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Sorrentos Plaza
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2017

Overview / Comments

End cap unit available, great for owner/user. Signage available on Garfield Rd (building and monument). White box space in well maintained center. Other spaces rented for income. Great Investment.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 11-29-103-046
Zoning: B1
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Tenancy: Multiple Tenants
Property Condition: Good
Year Built: 1986
Roof Type: Hip
Construction/Siding: Brick
Total Parking Spaces: 30
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,635 130,681 345,510
Median Age: 47.27 42.48 41.34
Households: 4,182 54,288 145,740
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