Princing Building - Shinners Chasnis Commercial

Office for Sale
Catylist Listing ID: 28275475
Property Subtypes: Flex Space, Office Building
Condo? Yes
Building Size (RSF): 5,520 SF
Gross Land Area: 0.96 Acres
Sale Price: $175,000
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Princing
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

This space is leased to a reliable tenant (tenant has first right of refusal on a sale). This is a condo association building, which means money savings for you, the exterior maintenance and taxes are shared. The available unit is on the Saginaw River with beautiful views of the river and Ojibawa Island. This is an excellent place to hold client meetings and the premier restaurant next door offers an excellent choice for entertaining clients. There is a large deck running the length of the building and sliding glass doors facing the river. Space could be split between two users. The owner has had the interior of the building updated with new paint and removing some dividers for a more wide open view.

Additional Details

Nearest MSA: Saginaw-Saginaw Township North
County: Saginaw
Taxing Authority: Saginaw
Tax ID/APN: 14185600300
Is Condo?: Yes
Zoning: COMMERCIAL
Market Type: Medium
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Highway, Airport
Highway Access: the building is located adjacent to Holland Ave East bound one way.
Airports: MBS International
Site Description: Neatly landscaped grounds. Shared with the Panda House Restaurant in front.
Area Description: This is an area of old town which is becoming quite popular with all types of businesses.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1978
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Very nice looking building with newly landscaped lot.
Parking Type: Surface
Parking Description: Ample parking for the space available
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: T1/T3
Interior Description: The building was formerly used as an advertising agency. The rooms are all bright and colorful with ample natural light coming through the sliding glass doors to the deck.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,633 81,983 112,620
Median Age: 32.34 36.24 37.71
Households: 4,704 32,774 46,114
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