Excellent Redevelopment Opportunity

Industrial for Sale
Catylist Listing ID: 30468813
Property Subtypes: Industrial-Business Park, Warehouse/Distribution
Building Size (RSF): 320,000 SF
Gross Land Area: 126 Acres
Sale Price: $3,700,000
Unit Price: $11.56 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Usable Size (USF): 320,000 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/27/2020

Overview / Comments

Excellent opportunity for this 126 Acre land with 2 separate buildings!

Approximately 60 acres is available for split and/or use for new industrial development/lots.

Main Building with office space is 250,000 square feet and the north building is 70,000 sq ft having 7 dock levelers. No city sewage line in the vicinity, however the plant is equipped with own lagoon for water treatment.City water is available but not installed.

6,400 square foot carpenter workshop available with separate lease. Equipment onsite.

Tooling and welding spaces available.

Land available for split and sale.

Listing excludes 11.5 acres of area.

Contact Century 21 Commercial Team today for additional information or to set up a private showing 989-921-7002

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Lapeer
Tax ID/APN: 014-020-040-000 and 014-020-040-002
Highway Access: I-69
Area Description: Lapeer is a growing exurb of greater Detroit.
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1960
Parking Description: High Capacity for both trucks and cars
Water Service: Well, Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,528 24,243
Median Age: 40.46 40.34
Households: 5,858 9,133
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