3058 State RdDavison, MI 48423

Property Details for 3058 State Rd

Year built

1980

Lot size

2.18 AC

Property size (Sq ft)

11,965 SF

Property type

Other commercial real estate

APN

16-34-300-035

APU

1634300035

Description

This exceptional investment opportunity presents a fully leased, 7-unit retail plaza situated on a high-traffic section of State Road (M-15) in Davison, Michigan. The 11,965 square foot property, built in 1980 and renovated in 1981, sits on a 2-acre lot and boasts 100% occupancy with six very stable tenants. The current lease structure is a modified type, with a remaining term of 3 years and modest annual rent increases built into the agreements. The property's strong performance translates to an attractive 8.55% cap rate, making it an ideal addition to any diversified investment portfolio. The asking price is $725,000, with a price per square foot of $60.59. The property is zoned Comm Bus CB, offering flexibility for future development or expansion. Financial documentation, including rent rolls and financials, is available upon execution of a confidentiality agreement and proof of funds (minimum $350,000 down payment or bank letter of credit). This prime retail location benefits from its proximity to Richfield Township, Davison schools, and significant daily traffic volume. The property's consistent income stream and strong tenant base make it a compelling investment opportunity with significant potential for long-term growth.

• Alternative Use

  Use

  Valuation

  Residential

  $2,344,474

  Hospitality

  $2,147,526

  Educational

  $1,786,716

  Medical

  $1,848,164

  Retail

  $2,779,336

Location Insight

City

Davison

County

Genesee

State

Michigan

Latitude

43.0507

Longitude

-83.517

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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