4040 Bristol RdBurton, MI 48519

Property Details for 4040 Bristol Rd

Lot size

2.49 AC

Zone code

C-2

Property type

Commercial real estate

APN

59-34-100-044

APU

5934100044

Description

This exceptional investment opportunity encompasses a 2.48-acre commercial property situated on East Bristol Road in Burton, Michigan. The property boasts a diverse portfolio including a 1,300 square foot owner-occupied office building featuring 14-foot ceilings, five offices, a payment foyer, conference room, and kitchenette. An attached 7,000 square foot heated warehouse with 16-foot ceilings, two 12-foot high garage doors, and upper-level storage complements the office space. Furthermore, a fully occupied and gated 15-unit self-storage warehouse complex (21,300 square feet) generates substantial rental income. The complex includes four 1,200 square foot units averaging $560 per month and eleven 1,500 square foot units averaging $860 per month. All units offer 24/7 access via keypad entry, 12-foot clearance overhead garage doors, dry storage, and separate meters. The entire property totals 29,600 square feet, with 60 parking spaces available. Built in 1985 and renovated in 2020, this Class C property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $147,000 and a 7.76% cap rate. The asking price is $1,895,000 ($65.88 per square foot). The property is zoned for commercial use and offers significant potential for continued growth and profitability. The current owner is willing to lease back the office space for one year, potentially increasing gross income.

• Alternative Use

  Use

  Valuation

  Residential

  $21,252,908

  Hospitality

  $19,467,550

  Educational

  $16,196,773

  Medical

  $16,753,804

  Retail

  $25,194,980

Location Insight

City

Burton

County

Genesee

State

Michigan

Latitude

42.9744

Longitude

-83.6313

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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