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    310 Averill Ave Flint, MI 48506

    For Sale
    $700,000

    5,000 SF Retail Space, $700K

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5,000-square-foot retail storefront located at 310 S Averill Ave, Flint, Michigan 48506, presents a unique investment opportunity. Previously operating as a fully built-out dispensary, this property is move-in ready for a similar business. The asking price is $700,000, translating to $140 per square foot. The building boasts a complete and attractive interior build-out, ready for immediate occupancy. A prior corporate tenant's closure creates this prime acquisition opportunity. The property includes existing licenses for both medical and recreational cannabis sales. Financing options are available, including a land contract with a 33% down payment, 10-year amortization, and a 5-year balloon payment at a 9% interest rate. Alternatively, a lease-to-own option is available at $15,000 per month, inclusive of net, net, net (NNN) expenses. This property is situated in Genesee County and offers significant potential for a cannabis-related business. The location's coordinates are 43.0216542 latitude and -83.64412175 longitude. Note that additional dispensary properties are also available.

    Property Features for 310 Averill Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,000 SF

    HighLights

    • 5,000 SF retail storefront at 310 S Averill Ave, Flint, MI 48506.
    • Move‑in ready, previously a dispensary; ideal for similar use.
    • Asking price: $700,000 ($140/SF).
    • Includes existing medical and recreational cannabis licenses.
    • Financing options: land contract (33% down, 10‑year amortization, 5‑year balloon, 9% interest) or lease‑to‑own ($15,000/month NNN).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flint
    County
    Genesee
    State
    Michigan
    Longitude
    -83.64412175
    Latitude
    43.0216542

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    FAQs

    What type of property is this?
    Individual retail property - 5,000 SF Retail Space, $700K
    Where is this individual retail property located?
    The property is located at 310 Averill Ave Flint, MI.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 5,000 SF retail storefront at 310 S Averill Ave, Flint, MI 48506.; Move-in ready, previously a dispensary; ideal for similar use.; Asking price: $700,000 ($140/SF).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Averill Ave Flint, MI 48506
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