310 Averill Ave Flint, MI 48506

Property Details for 310 Averill Ave

Year built

1963

Lot size

0.96 lot acres

Property size

4,742 SF

Zone code

F

Property type

Commercial real estate

APN

41-09-451-013

APU

4109451013

Description

This exceptional 5,000-square-foot retail storefront located at 310 S Averill Ave, Flint, Michigan 48506, presents a unique investment opportunity. Previously operating as a fully built-out dispensary, this property is move-in ready for a similar business. The asking price is $700,000, translating to $140 per square foot. The building boasts a complete and attractive interior build-out, ready for immediate occupancy. A prior corporate tenant's closure creates this prime acquisition opportunity. The property includes existing licenses for both medical and recreational cannabis sales. Financing options are available, including a land contract with a 33% down payment, 10-year amortization, and a 5-year balloon payment at a 9% interest rate. Alternatively, a lease-to-own option is available at $15,000 per month, inclusive of net, net, net (NNN) expenses. This property is situated in Genesee County and offers significant potential for a cannabis-related business. The location's coordinates are 43.0216542 latitude and -83.64412175 longitude. Note that additional dispensary properties are also available.