Description
A rare opportunity to own one of the largest buildings on one of the biggest lots on Bay Rd, the main business corridor in Saginaw. Zoned B-4 the best commercial zoning available. Almost 20,000 sq.ft with another almost 4,500 sq.ft in the dual access basement with about 2.35 acres of land, the possibilities are endless. Current use is as a shopping plaza but you can make it anything you want, even potentially build another building on the lot, and add chargers for electric cars. The property is not encumbered by any kind of corporate restrictions, non-competes etc. The property also has front and rear access with the rear off of Christy Way. Two entrances off of Bay Rd with 238 feet of frontage. Land value alone is $500,000. Potential cap rate of 10% or greater. Suite 8 (front of building off Bay Rd) approximately 4,500 sq.ft Suite 6&7 approximately 4,500 sq.ft Suite 5
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0BEDS
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2.35ACRES
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0BATHS
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01/2 BATHS
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19,738SQFT
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$40$/SQFT
Description
A rare opportunity to own one of the largest buildings on one of the biggest lots on Bay Rd, the main business corridor in Saginaw. Zoned B-4 the best commercial zoning available. Almost 20,000 sq.ft with another almost 4,500 sq.ft in the dual access basement with about 2.35 acres of land, the possibilities are endless. Current use is as a shopping plaza but you can make it anything you want, even potentially build another building on the lot, and add chargers for electric cars. The property is not encumbered by any kind of corporate restrictions, non-competes etc. The property also has front and rear access with the rear off of Christy Way. Two entrances off of Bay Rd with 238 feet of frontage. Land value alone is $500,000. Potential cap rate of 10% or greater. Suite 8 (front of building off Bay Rd) approximately 4,500 sq.ft Suite 6&7 approximately 4,500 sq.ft Suite 5
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IDX provided courtesy of Realcomp II Ltd., via Century 21 Signature Realty: (989) 921-7000 and Saginaw BOR MLS, ©2023 Realcomp II Ltd. Shareholders.