Euclid Plaza 63% Occupied | Owner/User Opportunity
- 503 N. Euclid Ave, Bay City, MI
Price
$1,325,000
Cap Rate
11%
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
- Owner-Occupied Opportunity – 64% occupied with seven vacant spaces with an additional 6,249 SF space to be vacated in the summer of 2025.
- High Cap Rate – 11% 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.