New Retail for Lease

Retail-Commercial for Sale
Catylist Listing ID: 30174441
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Status: Proposed
Building Size (RSF): 6,900 SF
Gross Land Area: 0.42 Acres
Sale Price: $595,000
Unit Price: $86.23 PSF
Property Use Type: Vacant/Owner-User
Building Name: New Retail Development
Usable Size (USF): 6,900 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2017

Overview / Comments

Located on the hard NWC of Central Avenue & West Vernor Highway, this new retail center will be well positioned in the market. Spaces can be divided down to approximately 1,440 SF (based on final site plan approval). The development is ideal for service uses, cellular, fast casual, auto parts, financial and other soft goods. The area boasts heavy vehicle and walking traffic.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: W20I004327S002L
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Central Avenue & Casper Street
Property Visibility: Excellent
Largest Nearby Street: West Vernor Highway
Feet of Frontage: 110
Traffic/Vehicle Count: 10,000
Highway Access: 1 Mile north of I-75
Site Description: New Retail Development
Area Description: Mexicantown
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,900 SF
Parking Type: Surface
Zoning Description: Commercial
Lot Frontage: 110
Lot Depth: 160
Legal Description: N VERNOR W E 110 FT 67 & 68 PT OF 69 & 70 BG E 110 FT ON S LINE OF 69 AND E 104 FT ON N LINE OF S 10 FT OF LOT 70SUB OF LOT 6 OF P C 60 L3 P6 PLATS, W C R 20/202 110 IRREG

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,032 137,479 349,887
Median Age: 27.71 29.93 33.88
Households: 7,531 45,135 131,386
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