624 Livernois StFerndale, MI 48220

This exceptional 9,400 square foot multi-tenant industrial property, located at 624 Livernois in Ferndale, Michigan (Oakland County, zip code 48220), presents a compelling redevelopment investment opportunity. The property, built in 1963 and renovated in 2010, sits on a 0.43-acre lot and boasts a Class C designation. Currently housing five tenants, the building offers a diverse mix of creative office, flex, and warehouse spaces, providing flexibility for future development. With a total of 20 parking spaces available, the property is well-suited for a variety of commercial uses. The asking price is $1,499,999, representing a compelling price per square foot of $159.57 and a 4.77% capitalization rate. The Net Operating Income (NOI) currently stands at $71,595. The property is zoned for commercial use and features a single-story building. The anticipated occupancy date for the property is August 21, 2024. This is a private ownership opportunity with a strong potential for future growth and return on investment. The property's location in Ferndale, Michigan offers excellent access to major transportation routes and a thriving local economy. This is a rare chance to acquire a well-positioned multi-tenant property with significant upside potential.