615 Beardsley Road

Price: $ 320,000.00
Square Ft.: 5000
Price/SQFT: $ 64.00

Single tenant Boyne City office building in business park setting offers an excellent investment opportunity with an 8% cap rate. Longer term upside with current rents well below market. Stable long-term tenant with a lease expiring 9/30/21 and two options to renew for one year each. List price well below replacement cost and assessed value. On a 2 acre parcel with room to expand or add another building with potential for lot split. Includes three restrooms, full kitchen, washer/dryer hookup, and covered driveway entrance. Works well for future office, medical, daycare, church, community center or similar uses. If needed, building could readily be split into two tenant spaces. Regional Commercial/Industrial District zoning allows for variety of uses including retail and restaurant with drive-through allowed.

Basic Features:

Listing # 1884732
City: Boyne City
State: MI
Zip: 49712
Area: Charlevoix
Acres: 1.95
Square Ft: 5000

Additional Features:
Basement: Slab Location: Business Park,Inside Lot
Business Included: No Lot:
Business Name: none Miscellaneous:
Construction: Frame Documents:
Zoning: Commercial Possession: Subject to Tenants Rights
Deeded Water: No Property Status: Active
Dimensions: 1343 X 63 Real Estate Included:
Directions: Take 131 to Boyne Falls. Turn left onto M 75. Turn right (north) onto Beardsley. Property will be on the right (east) before the curve in the road. Remodeled:
Days On Market: 150 Road Frontage: Public Maintained
Days On MLS: 148 Roofing: Asphalt
ECO Features: No For Sale Or Lease: For Sale
Extras: None For Sale Or Rent: For Sale
Financing: Special Assessment:
Floor Type: Township: Boyne City
Heating/Cooling: Natural Gas Vacant: No
Heating/Cooling Type: Central Air,Forced Air Water:
Inventory Included: No Year Built: 1994
Licenses: None  

Listing courtesy of Three West, LLC
1131 E. Eighth Street , Traverse City , MI 49686