2427 Davison StDetroit, MI 48238

For Sale
$450,000

Detroit Auto Shop - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Detroit investment opportunity presents a 1,980 square foot auto shop located at 2427 W Davison St, Detroit, MI 48238. The property, built in 1950, sits on a 0.08-acre lot and boasts a 14-foot ceiling height, four 10x10 and 14x10 grade-level doors, and ample parking. Currently, the shop enjoys 100% occupancy with a tenant under a recently signed five-year lease at $4,000 per month, generating a strong cash flow. The property is zoned B-4, offering flexibility for future uses. With a total asking price of $450,000 ($227.27 per square foot), this well-maintained auto shop represents a compelling investment opportunity in a prime Detroit location. The Wayne County property features APN 10004182-3. This turnkey operation is ready for immediate income generation. The property's strong tenant history and favorable zoning make it an attractive proposition for both seasoned investors and those new to commercial real estate. Don't miss this chance to acquire a profitable and well-located asset.

Highlights

  • 1,980 square foot building
  • 14-foot ceiling height
  • Four (4) grade-level 10'x10' and 14'x10' doors
  • Fully occupied by an auto repair shop tenant
  • B-4 zoning
  • On-site parking lot

Property Details for 2427 Davison St

Property type
Other retail properties, Automotive properties
Square Feet
1,980 SF
Year Built
1950
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.393631
Longitude
-83.119552
2427 Davison St, Detroit, Michigan

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2427 Davison St
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