4 Nepessing St Lapeer, MI 48446

This exceptional investment opportunity presents a mixed-use building at 4 E Nepessing Street, Lapeer, MI 48446. Located on a high-traffic corner, the property boasts a prime location at the intersection of E Nepessing and S Saginaw Streets. The building currently houses a thriving financial/tax planner, a pizza restaurant, and a Mexican restaurant, all operating under existing net-net-net (NNN) leases. The building's diverse tenant mix ensures a stable income stream. Adding to its appeal is a sizable basement area, accessible from the rear alley, offering additional potential for expansion or alternative uses. The first floor is also fully leased, maximizing rental income. This property is situated within a Lapeer Opportunity Zone, presenting further investment advantages. The current leases provide immediate cash flow, making this an attractive proposition for investors seeking a ready-to-go asset with a strong 10% capitalization rate. The asking price is $290,000. This versatile property is ideal for both seasoned investors and those seeking a stable, income-generating asset in a desirable Michigan location. The property is classified as Retail and Office, with subtypes including Restaurant and Creative Office.