00 County Line Rd New Baltimore, MI 48047

5.64 Acres Lot

UPDATED:

05/23/2022 07:18 PM

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 58050054268

Originating Board MiRealSource

Annual Tax Amount $1,749

Lot Size 5.640 Acres

Acres 5.64

Lot Dimensions 525 X 408 X 366 X 252

Property 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.

Location

State MI

County Macomb

Area New Baltimore

Zoning Light Industrial

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Sewer Sewer-Sanitary, Sewer at Street

Water Water at Street

Schools

School District Anchor Bay

Others

Tax ID 0912476021

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Ironstone Realty

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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