For Sale
$125,000

23940 Gibraltar Rd Flat Rock, MI 48134

High-traffic retail land, I-75 proximity.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 0.77-acre commercial property, located at 23940 Gibraltar Road in Flat Rock, Michigan, presents a unique investment opportunity. The property boasts a 3,222 square foot retail building constructed in 1954 and renovated in 1961, currently operating at 100% occupancy. The single-story building sits on a sizable lot, offering significant potential for expansion or redevelopment. Priced at $125,000, this translates to a price per square foot of $3.73 and a compelling land value of $162,338 per acre. The property's strategic location near I-75 in Wayne County, Michigan, ensures high visibility and accessibility, benefiting from strong demographics and impressive traffic counts. The O1 zoning designation provides flexibility for various commercial uses. The APN is 58-098-99-0019-002. This property is ideal for investors seeking a strong return on investment in a prime location with significant upside potential. The zip code is 48134.

Highlights

  • 0.77-acre parcel available for sale.
  • O-1 zoning.
  • I-75 accessible Flat Rock location.
  • Strong demographics and high traffic counts.

Property Details for 23940 Gibraltar Rd

Property type
Retail properties, Land
Square Feet
3,222 SF
Year Built/Renovated
1954/1961
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Flat Rock
County
Wayne
State
Michigan
Latitude
42.0950837
Longitude
-83.265197

FAQs

What type of property is this?
Retail property - High-traffic retail land, I-75 proximity.
Where is the retail property located?
The property is located at 23940 Gibraltar Rd Flat Rock, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 0.77-acre parcel available for sale.; O-1 zoning.; I-75 accessible Flat Rock location.
How can I contact the broker?
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23940 Gibraltar Rd
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