Property summary
This exceptional Lambertville, MI industrial property presents a significant investment opportunity. Located at 3401 Sterns, the building currently boasts 7,992 square feet of leasable space, divided into six main-level rental units. Four of these units benefit from convenient basement storage. A compelling aspect of this property is the significant expansion potential. An additional approximately 2,952 square feet of unfinished space is available on the upper level, ready for development. The upper level is already plumbed for a bathroom, simplifying build-out. Upon completion of the upper level, the total building square footage will reach approximately 13,842 square feet. The property sits on a generous 1.16-acre lot, providing ample space for operations and future expansion. The asking price is $1,599,000. The seller is open to owner financing, offering a flexible purchase option for qualified buyers. This property is ideal for investors seeking a strong return on investment or businesses looking to expand their operations in a prime Lambertville location. The existing rental income stream provides immediate cash flow, while the significant expansion potential offers long-term growth opportunities. Don't miss this chance to acquire a versatile and valuable commercial property.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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