Great opportunity to own a strip mall building in fantastic location in Traverse City. Strong national franchise tenants include Biggby Coffee, Little Caesars Pizza & Miracle Ear. 100% occupied and 8.75% cap rate on existing income. This offering is for Building B (units 110-114) in the center of the complex and will be condominiumized prior to closing. Building is approx. 5,128 SF. Building offers great exposure and an easy to find location. Good parking and high traffic counts. Additional buildings for sale, or entire complex for $4,250,000.
|Building Size||5,128 SF|
|Lot Size||3.5 AC|
|Available Date||Jun 3rd, 2019|
Directions: On Division St. (US-31) just south of 14th Street on the east side of the road. Adjacent to Wendy's and just north of Meijer.
|Exterior Description:||Concrete Block, Brick|
|Heating - Fuel Type:||Gas|
|Heating Type:||Forced Air|
|Lot Size:||2-5 Acres|
|Age:||11-20 Years Old|
|Road Type:||City / Town Street|