3009-3023 Dort Hwy Burton, MI 48507
- Lifestyle centers
- 19,402 SF
- 1.54 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 3009-3023 Dort Hwy
- Lot size
- 1.54 lot acres
- Property size
- 19,402 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Burton Plaza, located at 3009-3023 S Dort Hwy in Flint, Michigan (Genesee County, zip code 48507), presents a compelling value-add redevelopment opportunity. This 19,402 square foot shopping center sits on a 1.54-acre lot at the corner of Dort Hwy and Atherton Road, a high-traffic area with 12,000 vehicles passing daily. Currently operating as a multi-tenant property with five tenants, the center is leased under a NNN (Net, Net, Net) structure. The current Net Operating Income (NOI) is $128,720, with a pro-forma NOI projected at $199,420, reflecting significant upside potential. The asking price is $2,000,000, translating to $103.08 per square foot. The property is zoned C2, offering flexibility for redevelopment and expansion. This prime retail location provides an excellent chance to capitalize on a strong market and increase profitability through strategic improvements and repositioning. The property's high visibility and convenient location make it an attractive investment for both seasoned investors and those seeking a value-add opportunity in a growing market.
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
- Burton
- County
- Genesee
- State
- Michigan
- Longitude
- -83.6528
- Latitude
- 42.9886
