5151 Gateway Ctr Flint, MI 48507
- Industrial properties
- 2,630 SF
- 0.50 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 5151 Gateway Ctr
- Year built
- 1920
- Lot size
- 0.50 lot acres
- Property size
- 2,630 SF
- Property type
- Industrial properties
Description
This exceptional 2,630 square foot industrial property, situated on a half-acre lot at 5151 GATEWAY in Flint, MI, presents a compelling investment opportunity. Currently operating as a well-maintained medical office, this building boasts a strong 8.2% capitalization rate, making it an attractive prospect for savvy investors. The property's prime location, conveniently situated off US-75 and Hill Road, ensures high visibility and accessibility. The interior features five exam rooms, each equipped with sinks, a dedicated storage room, an X-ray room, a private doctor's office, two restrooms, and a spacious waiting area designed to welcome patients. Recent upgrades include brand new air conditioning and carpeting throughout, enhancing both comfort and aesthetics. Ample on-site parking is available for patients and staff. The current lease is a gross lease at $28 per square foot, providing a stable income stream. This turnkey medical office building is ready for immediate occupancy and offers significant potential for continued growth and profitability in a high-demand business district. The property's combination of strong financials, desirable location, and recent renovations makes it an ideal investment for those seeking a high-return asset in a thriving market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7202
- Latitude
- 42.9486
