6 Washington St Oxford, MI 48371

Property Details for 6 Washington St

Year built

1910

Lot size

0.06 lot acres

Property size

4,278 SF

Zone code

BI

Property type

Retail space

APN

PO-04-22-460-015

APU

PO0422460015

Description

This exceptional mixed-use property, located at 6 N WASHINGTON in the vibrant downtown Oxford, MI, presents a compelling investment opportunity. The 4,278 square foot building boasts a completely remodeled interior and sits on a 0.06-acre lot. The ground floor features retail space currently under a long-term lease, ensuring consistent rental income. Adding to the property's profitability, the second floor comprises two fully leased studio apartments, providing a diversified revenue stream. Leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities. Convenient city surface parking is immediately adjacent, featuring a valuable amenity: two EV charging stations, along with several designated two-hour parking spaces. The property benefits from a prime location within a thriving commercial district, surrounded by established businesses such as Red Knapps, Bar & Grill, Funky Monkey Toys, HomeGrown Brewing, Oxford Tap Room, and other successful enterprises. This strategic positioning ensures high visibility and foot traffic, further enhancing the investment potential. The asking price for this turnkey operation is $1,150,000, offering a rare chance to acquire a well-established, income-generating property in a desirable Michigan location. The combination of stable retail and residential income streams, coupled with the convenient parking and excellent location, makes this an attractive opportunity for discerning investors seeking a strong return on investment.

Location Insight

City

Oxford

County

Oakland

State

Michigan

Longitude

-83.2648

Latitude

42.8251

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments