34705 Southbound Gratiot AveClinton Township, MI 48035

Property Details for 34705 Southbound Gratiot Ave

Year built

1954

Lot size

0.41 AC

Property size (Sq ft)

2,670 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fully renovated 2,670-square-foot convenience store located at 34705 S Gratiot Ave in Clinton Township, Michigan, 48035. The property, situated on a 0.41-acre lot, boasts a single story building constructed in 1954 and extensively renovated in 2022. The store features brand new roofing, signage, a rooftop generator, updated counters and countertops, bulletproof glass, fresh paint, durable black shelving, new lighting, and a recently upgraded furnace, AC unit, and hot water tank. Two registers and two lotto machines are included. Currently vacant, this NNN-leased property offers a remaining lease term of two years. The asking price is $499,900, translating to $187.23 per square foot. The property is zoned for commercial use and presents a significant value-add investment opportunity. The building is also available for purchase, including an attached automotive building currently under lease. This presents a unique opportunity to acquire either the business alone or the business and building together. The property's prime location along Gratiot Avenue offers significant potential for increased sales. The liquor license alone is estimated to be worth $500,000. All measurements are approximate.

Location Insight

City

Clinton Township

County

Macomb

State

Michigan

Latitude

42.5525

Longitude

-82.9014

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