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8259 S Mason Dr 2,560 SF Retail Building Newaygo, MI 49337 $957,743 CAD ($374.12 CAD/SF) 13.76% Cap Rate
Executive Summary
Well established auto repair business located just south of M-82. Thriving business with sales numbers increasing year over year for over 15 years. Sale includes equipment and real estate. Recent updates include roof, furnace and well pump. Great return for a business owner.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,560 SF
Building Class
C
Year Built
2012
Price
$957,743 CAD
Price Per SF
$374.12 CAD
Cap Rate
13.76%
NOI
$131,785 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
LOCAL ZONE
Parking
20 Spaces (7.81 Spaces per 1,000 SF Leased)
Frontage
150’ on Mason Dr
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 18-25-277-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $133,282 CAD |
Property Taxes
Parcel Number
18-25-277-012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$133,282 CAD
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8259 S Mason Dr
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