25418 Goddard RdTaylor, MI 48180

Property Details for 25418 Goddard Rd

Year built

1982

Lot size

0.10 AC

Property size (Sq ft)

800 SF

Zone code

O-1

Property type

Medical offices

Property subtype

Medical centers

APN

60 043 06 0013 000

APU

60043060013000

Description

This 800-square-foot industrial property, located at 25418 GODDARD in Taylor, Michigan, presents a unique opportunity for a variety of businesses. Currently configured as an office/medical suite, the space boasts three small patient rooms, a dedicated office, a comfortable lobby waiting area, and the convenience of two separate entrances/exits. This layout is ideal for medical practices, small businesses requiring individual offices, or those needing a combination of private and open workspaces. The property sits on a 0.1-acre lot, providing ample space for parking or potential future expansion. However, the flexible design allows for easy conversion into a single, large open space, making it suitable for a wide range of uses depending on the tenant's needs. The asking price for this well-located Taylor property is $95,000. Its strategic location offers excellent accessibility and visibility, making it an attractive investment for entrepreneurs and established businesses alike. The property's versatility and prime location make it a compelling opportunity in the thriving Taylor market. Serious inquiries are encouraged to explore the potential of this adaptable space.

• CAP approach

  CAP return

  Valuation

  6%

  $136,950

  6.5%

  $126,416

  7%

  $117,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $74,832

  Geo Method

  $74,832

• Alternative Use

  Use

  Valuation

  Residential

  $156,755

  Hospitality

  $143,587

  Educational

  $119,463

  Medical

  $123,571

  Retail

  $185,831

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2262

Longitude

-83.2857

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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