5151 Gateway CtrFlint, MI 48507

For Sale
$799,900

Medical Office Building, Excellent Location, High Demand

Overview

Added:
Feb 3
Days on market:
41
This exceptional 2,630 square foot industrial property, situated on a half-acre lot at 5151 GATEWAY in Flint, MI, presents a compelling investment opportunity. Currently operating as a well-maintained medical office, this building boasts a strong 8.2% capitalization rate, making it an attractive prospect for savvy investors. The property's prime location, conveniently situated off US-75 and Hill Road, ensures high visibility and accessibility. The interior features five exam rooms, each equipped with sinks, a dedicated storage room, an X-ray room, a private doctor's office, two restrooms, and a spacious waiting area designed to welcome patients. Recent upgrades include brand new air conditioning and carpeting throughout, enhancing both comfort and aesthetics. Ample on-site parking is available for patients and staff. The current lease is a gross lease at $28 per square foot, providing a stable income stream. This turnkey medical office building is ready for immediate occupancy and offers significant potential for continued growth and profitability in a high-demand business district. The property's combination of strong financials, desirable location, and recent renovations makes it an ideal investment for those seeking a high-return asset in a thriving market.

Property Details for 5151 Gateway Ctr

Property type
Industrial properties, Other industrial properties
Square Feet
2,630 SF
Year Built
1920
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
42.94857
Longitude
-83.72022
5151 Gateway Ctr, Flint, Michigan

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5151 Gateway Ctr
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