For Sale
$1,150,000

6 Washington St Oxford, MI 48371

High-return retail & residential property

Overview

Added:
Feb 3
Days on market:
73
This exceptional mixed-use property, located at 6 N WASHINGTON in the vibrant downtown Oxford, MI, presents a compelling investment opportunity. The 4,278 square foot building boasts a completely remodeled interior and sits on a 0.06-acre lot. The ground floor features retail space currently under a long-term lease, ensuring consistent rental income. Adding to the property's profitability, the second floor comprises two fully leased studio apartments, providing a diversified revenue stream. Leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities. Convenient city surface parking is immediately adjacent, featuring a valuable amenity: two EV charging stations, along with several designated two-hour parking spaces. The property benefits from a prime location within a thriving commercial district, surrounded by established businesses such as Red Knapps, Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, Oxford Tap Room, and other successful enterprises. This strategic positioning ensures high visibility and foot traffic, further enhancing the investment potential. The asking price for this turnkey operation is $1,150,000, offering a rare chance to acquire a well-established, income-generating property in a desirable Michigan location. The combination of stable retail and residential income streams, coupled with the convenient parking and excellent location, makes this an attractive opportunity for discerning investors seeking a strong return on investment.

Property Details for 6 Washington St

Property type
Industrial properties
Square Feet
4,278 SF
Year Built
1919
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Oxford
County
Oakland
State
Michigan
Latitude
42.82506
Longitude
-83.26483
6 Washington St, Oxford, Michigan

FAQs

What type of property is this?
Industrial property - High-return retail & residential property
Where is the industrial property located?
The property is located at 6 Washington St Oxford, MI.
What is the asking price?
The asking price for this property is $1,150,000.
How can I contact the broker?
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6 Washington St
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