Downtown Port Huron Retail/Loft Apartment - For Sale Only

Retail-Commercial for Sale
Catylist Listing ID: 1989505
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 5,400 SF
Gross Building Area: See Agent
Gross Land Area: 1,800 SF
Sale Price: $350,000
Unit Price: $64.81 PSF
Ceiling: 15 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2018

Overview / Comments

Excellent downtown location. Be a part of the redevelopment of Downtown Port Huron! This excellent downtown location offers frontage on Military Street and Water Street with walk-ability to retail, entertainment and delicious dining options. Situated in the Desmond District, adjacent to City Flats Hotel (coming 2018), the building offers wonderful investment opportunities; recently renovated main floor is currently leased, second-floor includes finished 2-bedroom loft and the third-floor is ready for build-out to create an additional loft. Secure one of the last few buildings available for purchase!

Adjacent building 908 Military Street is available also. See attached photos of properties. The properties are available to purchase as a package or individually.

Main level is currently leased. Call for more details.

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Saint Clair
Tax ID/APN: Unknown
Zoning: CBD
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Side of Street: East
Road Type: Paved, Other
Property Visibility: Excellent
Largest Nearby Street: Military Street/M-25
Feet of Frontage: 20
Traffic/Vehicle Count: 30,000
Transportation: Bus, Highway, Taxi, Other
Highway Access: M-25 to I-94/I-69
Site Description: Office space on main floor. Loft apartment occupies part of the second floor. Open area on third floor. Storage in basement.
Area Description: Located on the south side of the Black River in the CBD of Port Huron.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,800 SF
Property Condition: Good
Year Built: 1927
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Large display windows. Entrances on Military Street and Water Street.
Parking Type: Other
Parking Description: Off street and municipal parking.
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: CBD
Lot Frontage: 20
Lot Depth: 90
Easements Description: per title policy
Legal Description: In Office

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,142 38,943 57,702
Median Age: 34.16 36.91 38.52
Households: 4,322 15,474 22,930
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