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USAMIWaterfordKerr Acres 11660 Airport Rd
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$599,900

1660 Airport Rd, Waterford, MI

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Real Estate Only
Levels Commercial Sale
Size 4552 sqft
Garage No
Maintenance Fees 
Taxes $4,541
Days Active 0
Approx. Age 1961
Avg. Price Per Sqft $131
MLS® Number 20251006008

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number20251006008
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1961
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral Air
Heating Fuel

Extras

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