37235 Goddard St Romulus, MI 48174
- Industrial properties
- 2,912 SF
- 0.55 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 37235 Goddard St
- Year built
- 1920
- Lot size
- 0.55 lot acres
- Property size
- 2,912 SF
- Property type
- Industrial properties
Description
This exceptional investment opportunity presents a 2,912 square foot industrial property located at 37235 GODDARD, Romulus, MI, on a 0.55-acre lot. The building, constructed in 2000, is in excellent condition and boasts modern features and current technology. Currently occupied by a well-established dental group with multiple US locations, this property offers significant long-term stability. The tenants are in the second year of a second, five-year lease term, with a third renewal option available, ensuring consistent rental income. The strategic location in Romulus, MI provides easy access to major transportation routes, including I-94 and I-275, enhancing its appeal and accessibility. This property is ideally suited for investors seeking a stable, high-return investment in a prime location. The building's modern design and excellent condition minimize potential maintenance costs, further enhancing its investment potential. The existing tenant's long-term commitment and the availability of a third renewal option provide significant security and predictability for future cash flow. This is a rare opportunity to acquire a high-quality, income-producing property in a desirable location. The asking price for this exceptional investment is $622,515.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Longitude
- -83.4034
- Latitude
- 42.2174
