Sometimes the right opportunity just presents itself at exactly the right time. Discover this fantastic proposed Self Storage development in the bayside city of New Baltimore. Located on 5.65 acres, the property site plan has already been approved by city council (ready to build) and includes 4 climate controlled storage buildings with non-CC drive-ups around outside perimeters, totaling 50,120 net rentable square feet in addition to a rental office. A feasibility study, recently completed by Bob Copper of Self Storage 101, is available upon request. This is the last available industrial space in this growing community. Add it to your portfolio today. $615,473 GPI (Not Including Truck Rental, Retail Sales and other revenue services), $184,643 Expenses (30%), $430,831 NOI. Optional: Seller willing to reinvest after close of sale with partnership agreement.
- Price:
- $698,000
- Acreage:
- 5.64
- Listing ID #:
- 58050054268
- Street Address:
- 00 County Line Rd
- City:
- New Baltimore
- State:
- Michigan
- Postal Code:
- 48047
- County:
- Macomb
- Community:
- New Baltimore
- Listing Status:
- Pending
- Listing Type:
- Vacant Land
- Conforms To Zoning:
- Light Industrial
- Road Frontage Type:
- Paved
- Days On Market:
- 639
- Financing Options:
- Cash, Conventional
- For Sale Or Lease?:
- Sale
- Summer Tax:
- 1286.0000
- Winter Tax:
- 463.0000
- Existing Water:
- Water At Street
- Sewage Type:
- Public Sewer (sewer-Sanitary), Sewer At Street
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
-
IDX provided courtesy of Realcomp II Ltd., via Arterra Realty and MiRealSource, ©2023 Realcomp II Ltd. Shareholders
