7858 Dixie Hwy Newport, MI 48166
- Retail space
- 7,580 SF
- 0.51 lot acres
Current Use by Public Records
- Omega Gunsmithing LLC / Gun Shop
Property Details for 7858 Dixie Hwy
- Lot size
- 0.51 lot acres
- Property size
- 7,580 SF
- Property type
- Retail space
- APN
- 03-007-031-00
- APU
- 300703100
Description
This exceptional Newport, MI industrial property presents a unique investment opportunity. Located at 7858 N DIXIE, the property encompasses a 0.51-acre lot and features a main building totaling 5,580 square feet, divided into three distinct units. Unit 1 offers 2,640 square feet, Unit 2 comprises 1,500 square feet, and Unit 3 measures 1,440 square feet. The previous use as a pizzeria and bakery suggests potential for food-related businesses, while the spacious layout of one unit is well-suited for a small automotive operation. A significant advantage is the presence of a long-term tenant, providing immediate income potential. Beyond the main building, a separate 2,500 square foot structure at the rear offers additional storage or workshop space. While some cosmetic updates are recommended, the property's asking price of $110,000 reflects this need and presents an attractive entry point for investors. The property's versatile layout and prime location in Newport make it an ideal investment for entrepreneurs seeking a multi-use space with significant upside potential. The total square footage of the main building and the separate structure is 7,580 square feet. Buyer to verify all information.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Monroe
- State
- Michigan
- Longitude
- -83.2885
- Latitude
- 41.9919
- CBSA code
- 33780
- CBSA name
- MONROE, MI METROPOLITAN STATISTICAL AREA
