Berkley, 2646 Coolidge Highway

Retail-Commercial for Sale
Catylist Listing ID: 29995161
Property Subtypes: Street Retail, Other
Building Size (RSF): 3,280 SF
Gross Land Area: 0.11 Acres
Sale Price: $350,000
Unit Price: $106.71 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/7/2018

Overview / Comments

Take advantage of this excellent investment opportunity! Located just South of Downtown Berkley, this end cap building is available for sale. At approximately 3,280 SF, the building's longstanding tenants include a salon, photography studio, and a cleaning company. The building has excellent visibility, is easily accessible, and has dense surrounding, residential population. Parking includes parallel spots along Coolidge and ample municipal parking in the rear.

*This sale offering is confidential. Please do not approach current tenants.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Royal Oak Vicinity
Taxing Authority: Berkley
Tax ID/APN: 2517155014
Retail Clientele: General, Family, Business
Property Located Between: On Coolidge highway between Catalpa and 12 Mile Road
Property Visibility: Excellent
Largest Nearby Street: Catalpa Drive
Feet of Frontage: 41
Traffic/Vehicle Count: 19,000
Highway Access: 1.5 miles North of I-696, under 1 mile West of Woodward Avenue
Airports: 20 Miles to DTW
Site Description: Streetscaped retail frontage with street parking, and ample municipal parking in the rear. Building is well kept, and visible to traffic in all directions.
Area Description: Berkley is a quaint downtown, with surrounding retail being mostly independent retailers and operators. The traffic is steady throughout the day, and is surrounded by residential as well as Berkley High School, and Anderson Middle School.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,280 SF
Property Condition: Excellent
Year Built: 1945
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: White brick/block construction with streetscape glazing.
Total Parking Spaces: 15
Parking Type: Surface
Parking Description: Street parking in front, ample municipal parking in the rear.
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Engineered System
Interior Description: Building is split in to 2 suites, connected in the rear, with additional office spaces and common area.
Lot Frontage: 41
Lot Depth: 122
Water Service: Municipal
Sewer Type: Municipal
Legal Description: T1N, R11E, SEC 17 & 18 BROOKLINE HILLS LOT 165 EXC W 9.91 FT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,046 166,526 402,943
Median Age: 38.35 39.58 39.85
Households: 8,540 74,319 173,033
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.