4140-4190 Elizabeth Lake Rd | Waterford, MI 48328
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4140-4190 Elizabeth Lake Rd
Waterford, MI 48328
Fountain Plaza Center · Retail Property For Sale
Investment Highlights
- Fully occupied (3 tenant) 9,600 SF Retail Strip Center.
- Outstanding Location - Dense Residential w/ 23,300+ Cars Per Day.
- All Tenants Are Open to Potential Lease Agreements/Extensions.
- Long-Term Tenants at Under Market Rents - Value Add Opportunity.
- Coin Laundry (1 year left) + Cosmetology & Yoga Monthto-Month.
- Financials Available Upon Request - Buyer Can Create Cap Rate.
Executive Summary
9,600 SF Strip Center with under market Tenants. Tenants are month to month, which allows potential Buyer to make
a cap that works for them. 4 separate Tenant basements(approximately 4,800 SF) in addition to the 9,600 SF.
a cap that works for them. 4 separate Tenant basements(approximately 4,800 SF) in addition to the 9,600 SF.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,600 SF
Building Class
B
Year Built
1982
Price
£791,133
Price Per SF
£82
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
1.21 AC
Zoning
BI - Neighborhood Business District
Parking
55 Spaces (5.73 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 13-27-251-046 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £393,475 |
PROPERTY TAXES
Parcel Number
13-27-251-046
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£393,475
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