Euclid Plaza 63% Occupied | High Cap Opportunity
- 503 N. Euclid Ave, Bay City, MI
Price
N/A
Cap Rate
n/a%
Occupancy
64%
GLA
24,631 SF
Lot Size
2.03 AC
Year Built
1950/1970s
LISTING BROKER
Brandon Hakimi
Director of Investment Sales
Investment Highlights
- Value-Add Investment/Owner-Occupied Opportunity – With approximately 16K SF of vacant space, an investor can add value through renovation, repositioning, or leasing efforts while an owner-user may operate their business in as little as 250 SF to as much as 4,650 SF.
- High Cap Rate – Double Digit Cap Rate on in-place income.
- Location – Euclid Ave (26,000 VPD) is situated within a corridor mixed with retail, office, medical, school, and residential areas.
- Service-Based Tenancy – a diverse mix of professional office tenants including a CPA, Attorney, and Cleaning Service.
- Short-Term Leases – Short-term leases provides flexibility in repositioning the property, whether by attracting tenants of higher quality or renegotiating terms to enhance long-term stability and profitability.