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Meier Flowerland Portfolio 8077 Grand River Rd

10,186 SF Retail Building Brighton, MI 48114 £5,281,538 (£519/SF) 5.63% Net Initial Yield

Investment Highlights

  • Redevelopment Parcel on Woodland Lake
  • Many options for diversified uses
  • Waterfront
  • Traffic Count - Over 25,000 vehicles per day
  • 7 Acres of Land with Frontage on Woodland Lake

Executive Summary

This property is listed For Sale as a part of a 7 Acre parcel of Land on Grand River Ave. in Brighton, MI. Currently, there are 3 commercial buildings on the site with 5 Single Family Homes. The Property is zoned 'B-2 General Business' and "R-1 residential" by the water, and is currently 6 separate parcels located on the east side of Grand River with frontage on Woodland Lake. There is no other property like this in the area and offers a multitude of different options for redevelopment. The adjacent parcel was recently sold and is being planned for a PUD Live/Work development with condominiums and office spaces. Highly sought after area of Livingston County with a location that allows for great visibility, ingress/egress on Grand River, retail, office, condominium, and multi-family opportunities available.
Airbnb and VRBO options available for a great income opportunity for available homes.

Attachments

Meier Flowerland - Professional Flyer_061923

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Portfolio Sale
Property Type
Retail
Property Subtype
Garden Centre
Building Size
10,186 SF
Building Class
C
Year Built
1962
Price
£5,281,538
Price Per SF
£519
Net Initial Yield
5.63%
NOI
£297,331
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
7.00 AC
Zoning
B-2 General Business - General Business District is intended to provide sites for more diversified business types.
Parking
20 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
161 ft on Grand River Rd

Amenities

  • Pylon Sign
  • Signage
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8077 Grand River Rd, Brighton, MI - aerial map view

Nearby Major Retailers

Cracker Barrel Old Country Store
Outback Steakhouse
Chili's Grill & Bar
IHOP
Comerica
Leo's Coney Island
Club Pilates
Starbucks
Red Robin
Bank of America

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-19-100-026
  • 12-19-100-027
  • 12-19-100-041
 Improvements Assessment £0
Land Assessment £0 Total Assessment £789,883

PROPERTY TAXES

Parcel Numbers
Multiple
  • 12-19-100-026
  • 12-19-100-027
  • 12-19-100-041
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£789,883
(810) 577-0148

Contact

  • Listing ID: 27391358

  • Date on Market: 28/12/2022

  • Last Updated:

  • Address: 8077 Grand River Rd, Brighton, MI 48114

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VIDEOS
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MAP

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8077 Grand River Rd, Brighton, MI for sale Building Photo- Image 1 of 8
Highlighted LCGIS - Meier Property
8077 Grand River Rd, Brighton, MI for sale Building Photo- Image 2 of 8
Primary Photo
8077 Grand River Rd, Brighton, MI for sale Aerial- Image 3 of 8
Meier Property Ariel View 07.18.2023
8077 Grand River Rd, Brighton, MI for sale Building Photo- Image 4 of 8
Building Photo
8077 Grand River Rd, Brighton, MI for sale Site Plan- Image 5 of 8
1-MEIER-ORIGINAL PARCELS(09-08-22)
8077 Grand River Rd, Brighton, MI for sale Site Plan- Image 6 of 8
LCGIS 1FT - Meier Property Highlighted
8077 Grand River Rd, Brighton, MI for sale Site Plan- Image 7 of 8
1-MEIER-ORIGINAL PARCELS(09-08-22)

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Meier Flowerland Portfolio | 8077 Grand River Rd
(810) 577-0148 x

Meier Flowerland Portfolio | 8077 Grand River Rd

Adam Kennedy

(810) 577-0148

(810) 577-0148

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