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15365 NEWBURGH Road

$ 1,200,000
15365 NEWBURGH RD ,
99
Active

Description

Excellent investment opportunity located at 5 Mile and Newburgh Rd. Strong traffic counts at +/-60,000 AADt. Fully stabilized with long term tenants, property has ingress/egress on both 5 mile and Newburgh. Offers 7% cap rate.

Address: 15365 NEWBURGH RD
City:
State/County:
Zip: 48154
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Property Id : 25632
Price: $ 1,200,000
Building size: 0.99 acres
Available Space: 11800 sq.ft.
Active Openhouse Count: 0
Architecture Level: 1 Story
Assessment: 0
Business Type: Retail
CDOM: 330
Commercial Type: Real Estate Only
Construction Materials: Brick,Other
County Or Parish: Wayne
Current Use: Retail Strip Mall
Directions: From 5 Mile, Turn North on Newburgh
Directions From EastWest: W
Directions From EastWest Detail: Newburg
Directions From NorthSouth: N
Directions From NorthSouth Detail: 5 Mile
DOM: 330
Foundation Details: Slab
Foundation Materials: Poured
Frontage Feet: 110
Gross Scheduled Income: 120000.00
Heating Fuel: Natural Gas
Last Change Type: New
List Office Name: Hub LLC
List Price By Acre: 1212121.2121
Lock Box Type: Appointment
Lot Size Dimensions: 110.00X392.00
MLS: Realcomp II Ltd
MLS Area Major: Livonia
MLS Area Major Number: 05021
MLS Number: 219089636
Monthly Sales: 9900
Annual Net Income: 90000.00
Number Of Units Total: 6
Office Heating: Forced Air
Operating Expense: 30000.00
Original List Price: 1200000.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: 46072990011000
Percent Leased: 100
Postal City: Livonia
Postal Code Plus 4: 1875
Property Type: Commercial
Protection Period: 90
Road Frontage Type: Paved,Pub. Sidewalk
Roof Material: Asphalt,Rubber,Other
Room Count: 0
School District: Livonia
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
State Equalized Value: 370600.0000
Street Name: NEWBURGH
Street Number: 15365
Street Suffix: Road
Table: Commercial
Taxable Value: 283806.0000
Tax Amount Summer: 8652.0000
Tax Amount Winter: 7999.0000
Tax Legal Description: 18M3 B2A2A THE N 160 FT OF THE S 360 FT OF THE E 360 FT OF THE S E 1/1 OF SEC 18 T1S R9E EXCEPT THE N 50 FT OF THE E 160 FT THEREOF ALSO EXCEPTING THE E 60 FT THEREOF 0.99 ACRE
Title: Private - Owned
Total Tax: 16651.0000
Unit Count: 0
Water Source: Municipal Water
Year Built: 1965
Zoning: Commercial
Airport: Yes
APOD Available: Yes
Customer Comment: Yes
Encroachment: No
Exclusions: Yes
Existing Lease: Yes
Interstate: Yes
Inventory Included: No
Inventory List: No
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Zone Conform: Yes
IDX provided courtesy of Realcomp II Ltd., via Hub LLC and Realcomp, © 2022 Realcomp II Ltd. Shareholders.

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