3402 Richfield Rd Flint, MI 48506

This 55,844 sq ft shopping center in Flint, MI, presents a unique investment opportunity. Located on a 5.46-acre lot at 3402 Richfield Rd, 48506, this property boasts two buildings constructed in 1965 and extensively renovated in 2024. Currently vacant, it offers a significant upside potential with fully approved self-storage site plans, eliminating lengthy permitting processes. The property's zoning is commercial, allowing for diverse business applications beyond self-storage. With a $1,850,000 asking price and a compelling 19.40% cap rate, this presents a strong return on investment. The $33.13 price per square foot reflects the property's value and potential. The site's strategic location promises high occupancy rates due to limited competition and high traffic. This is an exceptional opportunity for rapid entry or expansion into the self-storage industry, or for alternative commercial uses. Additional properties are available as part of a package deal (details available upon request). This is a turnkey opportunity to capitalize on the growing demand for storage solutions in a prime location.