850 Glaspie St Oxford, MI 48371-5138
- Retail space
- 9,389 SF
- 1.56 lot acres
Aug 22, 2024
Current Use by Public Records
- MalwareBuster / Software Company
- Affiliated Builders / Construction Company
Property Details for 850 Glaspie St
- Year built
- 1974
- Lot size
- 1.56 lot acres
- Property size
- 9,389 SF
- Zone code
- II
- Property type
- Retail space
- APN
- PO-04-26-376-021
- APU
- PO0426376021
Description
This exceptional turnkey cannabis provisioning center in Oxford, Michigan, presents a unique investment opportunity. Located at 850 S Glaspie St, this 8,096 square foot freestanding building, built in 1977, sits on a 0.78-acre lot and boasts 31 parking spaces. The property is fully built-out and ready for immediate operation, requiring only branding and inventory. Included in the sale or lease is the existing municipal-approved adult-use license. An additional 4,637 square feet of space is available for cannabis-related or general industrial use. The building is situated in an I-1 zoned industrial district, offering excellent visibility on M-24 (Lapeer Road), a major thoroughfare with over 30,552 vehicles daily. This prime location benefits from strong demographics and proximity to national retailers, ensuring high traffic and brand exposure. The asking price is $1,999,999, with a price per square foot of $247.04. The lease type is NNN (Net, Net, Net). This is an owner/user investment opportunity not to be missed. The property offers a strong synergy within the marketplace, surrounded by a dense residential population.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2499
- Latitude
- 42.8133
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
