3600 Dort HwyFlint, MI 48507

For Sale
$3,625,000

High-occupancy retail center, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
The Dort Mall, located at 3600 S Dort Hwy, Flint, MI 48507, presents a compelling investment opportunity. This multi-tenant retail property encompasses 241,541 square feet across 38 units, situated on a 19-acre lot (APN: 41-20-476-060). The asking price is $3,625,000, translating to $15.01 per square foot. The property boasts over 97% occupancy, demonstrating strong tenant demand. Significant capital improvements have been recently completed, including a brand-new roof installed in 2023 ($850,000 investment), and 27 new HVAC units installed between 2019 and 2023 ($950,000 investment). Further enhancements totaling $328,100 have been made to parking, signage, and electrical systems. The property is situated along Dort Highway, a major thoroughfare in Flint, Michigan, within a mixed commercial and residential area in the city's southern section. This NNN-leased property offers a stable income stream and significant upside potential for a savvy investor. The property's strong occupancy rate, coupled with the recent substantial capital improvements, makes it an attractive and low-risk investment opportunity in a resilient market.

Highlights

  • $3,625,000 asking price, $15.01 PSF.
  • Over 97% occupancy.
  • Brand new roof (2023, $850,000 investment).
  • 27 new HVAC units (2019-2023, $950,000 investment).
  • $328,100 in recent parking, signage, and electrical upgrades.

Property Details for 3600 Dort Hwy

Property type
Other retail properties, Individual retail properties
Square Feet
241,541 SF
Lot Size (sq. ft)
827,640 SF
Units
38

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
42.990821430292
Longitude
-83.655270009891
3600 Dort Hwy, Flint, Michigan

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3600 Dort Hwy
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