417 Second Street

Industrial for Sale
Catylist Listing ID: 2003364
Building Size (RSF): 52,600 SF
Gross Building Area: See Agent
Gross Land Area: 2.59 Acres
Sale Price: $3,630,000
Unit Price: $69.01 PSF
Ceiling: 23 ft.
Docks/Doors: 6 Docks
Office SF: 3,000 SF
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/17/2020

Overview / Comments

Air lines, buss duct, signage, security system. Cranes, 120 car parking, and heavy power. Redevelopment opportunity of 2.59 acres within walking distance to Downtown Rochester. Many potential uses in a highly desirable area with other new developments including multi-family apartments, townhomes, and condos planned.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $33,222 (Annual)
Finance Data Year 2016
Real Estate Taxes - Annual($) $31,560 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Oakland
Submarket/Township: Rochester
Tax ID/APN: 15-14-127-002
Zoning: I1
Property Located Between: Main Street & Second Street
Tenancy: Single Tenant
Total Number of Buildings: 1
Year Built: 1970
Roof Type: Flat
Construction/Siding: Brick, Metal/Glass
Parking Type: Surface
Parking Description: Heavy
Total Parking Spaces: 120
Overhead Cranes: 3
Sprinklers: Other
Amps: 240
Volts: 480
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Lighting: Metal Halide

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,702 75,651 179,713
Median Age: 37.59 41.16 40.69
Households: 5,305 30,055 69,509
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