40/41 Straightaway Dr Pontiac, MI 48341
This exceptional mixed-use property, located at 40/41 Straightaway Dr in Pontiac, Michigan, presents a unique investment opportunity. This combined garage condominium unit, totaling 2,410 square feet, offers a premium location adjacent to the M1 Concourse race track, providing unparalleled views of the straightaways and hairpin turns. Built in 2016, the space boasts a sophisticated design with extensive glass, solid surface counters, high ceilings, and two floating staircases. The property includes a high-end kitchen equipped with Wolf appliances, Sub-Zero refrigeration, and a Bosch dishwasher, perfect for entertaining. A comprehensive A/V technology package features overhead projection, multiple large-screen TVs, and remote-controlled Savant systems for HVAC and security. Two upscale lavatories cater to large gatherings, complemented by adjacent parking and green space. The property's permitted zoning is Commercial and Recreation, allowing for versatile use as an office, workspace, or automotive display area. The sale includes two combined units (IDs 1433305040 & 1433305041). The asking price is $2,200,000, with a price per square foot of $1,741. The lot size is 0.03 acres. A new M1 Prefix service station is adjacent to the property. Note that the listed taxes are for unit 40 only, and buyers are responsible for verifying all information, including square footage. While past events like Cars & Coffee and the Woodward Dream Cruise are mentioned, their continuation is not guaranteed.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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