4040 Bristol RdBurton, MI 48519

For Sale
$1,895,000

High-return multi-tenant property in Burton, MI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity encompasses a 2.48-acre commercial property situated on East Bristol Road in Burton, Michigan. The property boasts a diverse portfolio including a 1,300 square foot owner-occupied office building featuring 14-foot ceilings, five offices, a payment foyer, conference room, and kitchenette. An attached 7,000 square foot heated warehouse with 16-foot ceilings, two 12-foot high garage doors, and upper-level storage complements the office space. Furthermore, a fully occupied and gated 15-unit self-storage warehouse complex (21,300 square feet) generates substantial rental income. The complex includes four 1,200 square foot units averaging $560 per month and eleven 1,500 square foot units averaging $860 per month. All units offer 24/7 access via keypad entry, 12-foot clearance overhead garage doors, dry storage, and separate meters. The entire property totals 29,600 square feet, with 60 parking spaces available. Built in 1985 and renovated in 2020, this Class C property currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $147,000 and a 7.76% cap rate. The asking price is $1,895,000 ($65.88 per square foot). The property is zoned for commercial use and offers significant potential for continued growth and profitability. The current owner is willing to lease back the office space for one year, potentially increasing gross income.

Highlights

  • 2.48-acre commercial property on East Bristol Road, Burton, MI.
  • 1,300 SF owner-occupied office building with 14' ceilings, plus a 7,000 SF heated warehouse with 16' ceilings and two 12' garage doors.
  • Fully occupied, 15-unit self-storage complex (21,300 SF) generating substantial rental income.
  • Totaling 29,600 SF with 60 parking spaces, 100% occupancy, $147,000 NOI, 7.76% cap rate, $1,895,000 asking price ($65.88/SF).

Property Details for 4040 Bristol Rd

Property type
Other office properties, Office space
Square Feet
29,600 SF
Class
C
Year Built/Renovated
1985/2020
Buildings
4
Stories
1
Lot Size (sq. ft)
108,029 SF
Units
16

Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
42.975027080716
Longitude
-83.631371110167
4040 Bristol Rd, Burton, Michigan

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4040 Bristol Rd
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