About 3000 Packard St
Explore this investment property featuring a Little Caesars franchise and a boxing gym, offered at $650,000. The 3,348 sq. ft. building generates a net income of approximately $42,000 annually, with the pizzeria contributing $3,300 in monthly rent. The Little Caesars is secured with a five-year lease and options to renew for up to 15 years, with annual rent increases. The boxing gym operates on a month-to-month lease, providing flexibility and potential for increased rental income. All operating expenses are covered by the tenants. This property represents a solid investment opportunity with growth potential.
Features of 3000 Packard St
| MLS® # | 20240066763 |
|---|---|
| Price | $650,000 |
| Bathrooms | 0.00 |
| Acres | 0.10 |
| Year Built | 1965 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3000 Packard St |
|---|---|
| Area | Ann Arbor/Washtenaw - A |
| Subdivision | Ann Arbor |
| City | Ann Arbor |
| County | Washtenaw |
| State | MI |
| Zip Code | 48108 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
School Information
| District | Ann Arbor |
|---|
Additional Information
| Zoning | Commercial |
|---|---|
| New Construction | No |
| Sewer | Public |
| Water | Public |
Financial Details
| Annual Property Tax | $13,700 |
|---|---|
| Tax ID # | 091211208017 |
| Taxable Value | 0.00 |
Listing Details
| Agent | Jiryes Jarrous |
|---|---|
| Office | Century 21 Curran & Oberski |