00 County Line Rd
New Baltimore, MI 48047
5.64 acres | #58050054268
Description
Sometimes the right opportunity just presents itself at exactly the right time. Discover this fantastic proposed Self Storage development in the bayside city of New Baltimore. Located on 5.65 acres, the property site plan has already been approved by city council (ready to build) and includes 4 climate controlled storage buildings with non-CC drive-ups around outside perimeters, totaling 50,120 net rentable square feet in addition to a rental office. A feasibility study, recently completed by Bob Copper of Self Storage 101, is available upon request. This is the last available industrial space in this growing community. Add it to your portfolio today. $615,473 GPI (Not Including Truck Rental, Retail Sales and other revenue services), $184,643 Expenses (30%), $430,831 NOI. Optional: Seller willing to reinvest after close of sale with partnership agreement.
Property Details
- Sewer InformationPublicSewer, SewerAtStreet
- Utility FeaturesNaturalGasAvailable
- Utility SourceWateratStreet
- MLS #58050054268
- MLS #58050054268
- Parcel Number0912476021
- School DistrictAnchorBay
- Original List Price$950,000
- Lot FeaturesCityLot
- Lot DescriptionCityLot
- CountyMacomb
- Taxes Annual$1,749
- Cost698000
- Acres5.64
- Property SubtypeLand
- Days on Market (Cumulative)157
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Daniel Lovell (#58000000452277), Email: daniel@ironstoneworksforyou.com
Listing Office: Ironstone Realty (#58000000071422)
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