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$599,900

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4,552 SqFt

New

1660 Airport Road Waterford Twp, MI 48327

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Theresa Edwards

theresa@edwardsgrouprealestate.com +1(517) 245-5760

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Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 4,552 sqft

Price per Sqft $131

Subdivision Kerr Acres 1

MLS Listing ID 20251006008

Year Built 1961

Annual Tax Amount $4,541

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 100X180X100X179

Property Sub-Type Real Estate Only

Source Realcomp II Ltd

Property Description

Discover the perfect investment opportunity with this turn-key commercial property that promises immediate return on investment! This space is an ideal choice for business owners or companies looking to establish or expand their operations in a thriving location. The property is a generous .41 acres and equipped to meet all your business needs. Recently renovated, it boasts a suite of modern upgrades including a newly paved parking lot, newer front windows and doors, and freshly installed back windows. With both bathrooms remodeled from the vanities and flooring to the plumbing. Functionality meets style with 3000 sf of laminate flooring across all offices. The on-demand hot water system and new HVAC installations, including a furnace and AC condensers, ensure comfort throughout the year. Additional improvements include new gutters, a water-proofed foundation, removal of dated drop ceilings, and an exterior paint refresh – all completed in 2022. Modern tech amenities such as optical fiber internet and a comprehensive security system with cameras have been added for a high-speed and secure business environment. The internal ambiance is uplifted with new lighting and a fresh coat of paint, while the practical addition of a new water softener, a 200 amp electrical panel, and an EV charger align with contemporary business needs. Spanning 4552 sq ft, the property is currently zoned HT1 for high-tech office use, with the possibility of free rezoning to Airport district if desired. The layout includes 3 private offices, 2 bathrooms, and a private conference room. With a lease in place providing a 6.75% cap rate at a $600k price point and potential to increase rent, this investment promises growth and flexibility. Note that furniture and fixtures are tenant-owned and not included in the sale. Seize the opportunity to invest in a property with a solid lease agreement until January 1, 2027, with options to renew or adjust the rent to reflect market value.

Location

State MI

County Oakland

Area Waterford Twp

Zoning Light Industrial,Multiple,Office

Direction Maps

Interior

Hot Water Natural Gas

Heating Forced Air

Heat Source Natural Gas

Exterior

Road Frontage Paved

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Well (Existing)

Additional Building Garage

Structure Type Block,Brick

Schools

School District Waterford

Others

Tax ID 1316352002

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by Anthony Maisano of Max Broock, REALTORS®-Birmingham

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Theresa Edwards

Broker Associate | License ID: 6506047753

+1(517) 245-5760

1660 Airport Road Waterford Twp, MI 48327

Theresa Edwards

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1660 Airport Road