Lanzon Professional Building

Retail-Commercial for Sale
Catylist Listing ID: 30216586
Property Subtypes: Garden Center
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $1,075,000
Unit Price: $134.38 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Lanzon Professional Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2019

Overview / Comments

8000 sf building. Ideal for owner user needs 3900 - 6000 sf.

Pharmacist owns the building. He wants to sell the building and lease back his 2000 sf location.

Quest Diagnostics Laboratory has been a tenant for many years. They have an option for 2 more years and will probably stay longer.

The middle suite 11585 Farmington Road is available for lease. This space would be ideal for an office user that wants to him its own building. Could expand later into the Quest space.

Ideal for a doctor who would benefit from having a lab on one side and a pharmacy on the other.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: 129010200006
Retail Clientele: General, Family, Business
Property Located Between: Plymouth Road
Property Visibility: Excellent
Largest Nearby Street: Plymouth Road
Feet of Frontage: 200
Highway Access: Easy access north to I-96 which leads right into I-275
Airports: Detroit Metro
Site Description: Lots of frontage. Great Tenant mix. Ample parking front and back.
Area Description: Solid neighborhood.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1992
Construction/Siding: Brick
Total Parking Spaces: 42
Parking Type: Surface
Parking Description: parking all around building. Owner of restaurant behind has allowed parking on his lot in the past
Interior Description: Break room, two bathrooms in available suite
Zoning Description: C-2 Commercial
Lot Frontage: 200
Lot Depth: 199
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Building Owner owns land

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,650 117,119 351,307
Median Age: 42 42.04 40.33
Households: 3,039 48,953 143,307
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