3009-3023 Dort HwyBurton, MI 48507

Property Details for 3009-3023 Dort Hwy

Lot size

1.54 AC

Property size (Sq ft)

19,402 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Burton Plaza, located at 3009-3023 S Dort Hwy in Flint, Michigan (Genesee County, zip code 48507), presents a compelling value-add redevelopment opportunity. This 19,402 square foot shopping center sits on a 1.54-acre lot at the corner of Dort Hwy and Atherton Road, a high-traffic area with 12,000 vehicles passing daily. Currently operating as a multi-tenant property with five tenants, the center is leased under a NNN (Net, Net, Net) structure. The current Net Operating Income (NOI) is $128,720, with a pro-forma NOI projected at $199,420, reflecting significant upside potential. The asking price is $2,000,000, translating to $103.08 per square foot. The property is zoned C2, offering flexibility for redevelopment and expansion. This prime retail location provides an excellent chance to capitalize on a strong market and increase profitability through strategic improvements and repositioning. The property's high visibility and convenient location make it an attractive investment for both seasoned investors and those seeking a value-add opportunity in a growing market.

Location Insight

City

Burton

County

Genesee

State

Michigan

Latitude

42.9886

Longitude

-83.6528

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