6270 State St, Saginaw, MI 48603

3,880 SF 0.9 ac lot Built 1970

Entity Owned 5-yr Hold Absentee Owner

Property ID

US43-1115023

$599,000 3,880 SF

6270 State St, Saginaw, MI 48603
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This exceptional investment opportunity presents a single-tenant office building situated on a 0.9-acre lot in Saginaw, Michigan. The property, located at 6270 State, Saginaw, MI 48603, boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $53,730 annually, resulting in an attractive 8.97% capitalization rate. The asking price for this turnkey investment is $599,000. Built in 1970, the single-story building is classified as commercial office and land. The property features a total of one building and is currently fully leased, providing immediate cash flow for the new owner. The property's parcel number (APN) is 23124184115000. This is an excellent opportunity for investors seeking a stable, high-return investment in a desirable location. The property's strong performance and current occupancy make it an ideal addition to any investment portfolio. Given the current market conditions, this property is expected to generate significant interest. Serious inquiries are encouraged to act swiftly.