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    OFF-MARKET
    Lifestyle centers

    3009-3023 Dort Hwy, Burton, MI 48507

    19,402 SF 1.54 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 19,402 SF
    Lot 1.54 ac (67,082 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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