3009-3023 Dort HwyBurton, MI 48507

For Sale
$2,000,000

High-yield shopping center redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
Burton Plaza, located at 3009-3023 S Dort Hwy in Flint, Michigan (Genesee County, zip code 48507), presents a compelling value-add redevelopment opportunity. This 19,402 square foot shopping center sits on a 1.54-acre lot at the corner of Dort Hwy and Atherton Road, a high-traffic area with 12,000 vehicles passing daily. Currently operating as a multi-tenant property with five tenants, the center is leased under a NNN (Net, Net, Net) structure. The current Net Operating Income (NOI) is $128,720, with a pro-forma NOI projected at $199,420, reflecting significant upside potential. The asking price is $2,000,000, translating to $103.08 per square foot. The property is zoned C2, offering flexibility for redevelopment and expansion. This prime retail location provides an excellent chance to capitalize on a strong market and increase profitability through strategic improvements and repositioning. The property's high visibility and convenient location make it an attractive investment for both seasoned investors and those seeking a value-add opportunity in a growing market.

Highlights

  • $2,000,000 asking price for this 19,402 square foot shopping center.
  • Value-add redevelopment opportunity in Flint, MI.
  • Multi-tenant property with five tenants, NNN leases.
  • 1.54-acre lot located at 3009-3023 S Dort Hwy, Flint, MI 48507.
  • Current NOI of $128,720, pro-forma NOI of $199,420; price per square foot is $103.08.
  • Broker co-op available.

Property Details for 3009-3023 Dort Hwy

Property type
Lifestyle centers, Power centers
Square Feet
19,402 SF
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Burton
County
Genesee
State
Michigan
Latitude
42.9886148
Longitude
-83.6528079
3009-3023 Dort Hwy, Burton, Michigan

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3009-3023 Dort Hwy
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