For Sale
$1,150,000

6 Washington St Oxford, MI 48371

Mixed-use property, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional mixed-use property, located at 6 N Washington in the vibrant downtown Oxford, Michigan (48371), presents a compelling investment opportunity. The 4,278 square foot building sits on a 0.06-acre lot and offers a blend of retail and residential space. The ground floor features a retail space currently under a long-term lease, ensuring consistent income. Upstairs, two fully leased studio apartments provide additional rental revenue streams. The building has undergone a complete remodel, ensuring modern amenities and attractive aesthetics. Convenient city surface parking is immediately adjacent, featuring two EV charging stations and several designated two-hour parking spaces. This prime location benefits from a thriving commercial district, surrounded by established businesses such as Red Knapps, Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, Oxford Tap Room, and more, ensuring high foot traffic and visibility. The asking price for this turnkey investment is $1,150,000. This property offers a unique combination of stable rental income and strong potential for future appreciation in a desirable Michigan location. The property is zoned for commercial use. The building is currently generating income from both the retail space and the residential units. This is an excellent opportunity for investors seeking a well-established, income-producing asset in a bustling downtown area.

Highlights

  • Mixed-use building totaling 4,278 square feet on a 0.06-acre lot in downtown Oxford, MI (48371).
  • Ground floor features a long-term leased retail space, generating consistent income.
  • Two fully leased studio apartments provide additional rental income.
  • Recently remodeled with modern amenities.
  • Convenient access to city surface parking with EV charging stations.
  • Prime location in thriving commercial district with high foot traffic.

Property Details for 6 Washington St

Property type
Retail properties, Land
Square Feet
4,278 SF
Lot Size (sq. ft)
2,614 SF

Location Insight

City
Oxford
County
Oakland
State
Michigan
Latitude
42.8250452
Longitude
-83.2648157
6 Washington St, Oxford, Michigan

FAQs

What type of property is this?
Retail property - Mixed-use property, high ROI potential.
Where is the retail 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.
What are key features of this property?
This property features: Mixed-use building totaling 4,278 square feet on a 0.06-acre lot in downtown Oxford, MI (48371).; Ground floor features a long-term leased retail space, generating consistent income.; Two fully leased studio apartments provide additional rental income.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6 Washington St
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