4335 Pierson Rd Flint, MI 48504
- Commercial real estate
- 1.98 lot acres
Current Use by Public Records
- Tomporous Dumpster Rental Flint / Dumpster Rental Service
- VH Enterprises / Fast Food Restaurant
- Charleys Cheesesteaks / Fast Food Restaurant / Food Court
- Charleys Cheesesteaks and Wings / Sandwich Shop
- A&W Restaurant / Fast Food Restaurant
Property Details for 4335 Pierson Rd
- Lot size
- 1.98 lot acres
- Property type
- Commercial real estate
- APN
- 14-33-100-028
- APU
- 1433100028
Description
This exceptional investment opportunity presents a freestanding Charley's Cheesesteaks restaurant in Flint, Michigan. Boasting a prime location on a high-traffic I-75 entry/exit ramp, this 3,196 square foot property sits on a 1.6-acre lot (69,801 sq ft), offering significant visibility and accessibility. The building, constructed in 1985 and extensively renovated in 2022, features a convenient drive-thru and benefits from prominent signage, including a large pylon sign and storefront signage. The property is zoned C-2 and operates under a 10-year absolute net lease with nine years remaining, minimizing landlord responsibilities. The single-tenant building is part of a larger 1-unit property, offering a stable and predictable income stream. The asking price is $750,000, translating to $234.67 per square foot. This location is also conveniently situated on a bus line, further enhancing its accessibility and potential customer base. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment for discerning buyers seeking a low-maintenance, high-return opportunity. The APN is 14-33-100-028.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $430,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $350,000
- Mixed-Use
- $380,000
- Hospitality
- $300,000
- Educational
- $345,000
- Residential Income
- $405,000
- Energy
- $315,000
- Income-Based Land
- $325,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Flint
- County
- Genesee
- State
- Michigan
- Longitude
- -83.7657
- Latitude
- 43.0601
- CBSA code
- 22420
- CBSA name
- FLINT, MI METROPOLITAN STATISTICAL AREA