937 OAK Street Port Huron, MI 48060
UPDATED:
08/22/2024 03:50 PM
Key Details
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 2,184 sqft
Price per Sqft $453
Subdivision White Plat
MLS Listing ID 20240060942
Originating Board Realcomp II Ltd
Year Built 1973
Annual Tax Amount $4,455
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 55.00 x 124.00
Property Description
Beer & Wine & Hot Foods store: A staple in the community for decades, this liquor store has a loyal customer base and is positioned for continued success.
Rental Properties:
- Tri-plex: Three studio apartments that provide steady rental income.
- Two Single-Family Homes: Each home adds to the overall rental revenue.
- Storage Building with Studio Apartment: Additional studio apartment enhances the rental portfolio.
Current rental rates are strong, with potential for increased revenue based on standard market rents in the area.
Future Development Potential:
An approved development plan is in place to remove the existing homes and build a gas station, offering excellent growth and diversification opportunities. Additionally, there is an option to purchase the neighboring auto shop, further expanding the business possibilities. Auto shop will be needed to build gas station.
Prime Location:
The property is ideally situated near great complementary businesses, fire stations, schools, and parks. This strategic location ensures a steady stream of customers and tenants, enhancing the overall appeal and potential of the investment.
Don’t miss out on this exceptional investment opportunity combining a beer & wine & hot foods store, diverse rental properties, and significant future development potential. Contact us today to learn more and schedule a viewing.
Location
State MI
County St. Clair
Area Port Huron
Zoning Commercial,Multi-Family
Direction 10th/Oak
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Block/Concrete/Masonry
Schools
School District Port Huron
Others
Tax ID 74067430131000
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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