23100 Providence Dr - Medical FOR SALE


Southfield, MI 48075
$1,900,000 USD
248-281-9907
23100 Providence Dr, Southfield, MI for Sale
$1,900,000 USD
Medical - FOR SALE
1/5
null | Request Cap Rate

23100 Providence Dr
Southfield, MI 48075


HIGHLIGHTS

  • Located in Southfield DDA District.
  • 89,748 SF office building on a 3.69-acre site.
  • reat opportunity to redevelop into medical, multifamily, mixed-use, etc.
  • Across from Henry Ford Providence Southfield Hospital.
  • Close to Oakland Community College Southfield Campus.
  • Near 100-acre, $285M Northland Cty Center Mixed-use Development.

OVERVIEW

This is an excellent investment opportunity with significant financial upside potential through redevelopment. Current B-3 zoning and potential use flexibility from the City of Southfield should allow for various uses that will maximize the physical and financial potential of the property - including a medical facility, multi-family development, hotel, mixed-use development, etc. Surrounding this property, several new apartment buildings are up and pre-leased which will be the initial anchor for more new mixed-use products to come. The State of Michigan (through the Michigan Economic Development Corporation) has several tax incentive programs that will provide a developer financial assistance for a re-development.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

644

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

170,990 SF

ZONING

OS

APN/PARCEL ID

24-25-476-085

ASK ABOUT THIS PROPERTY

Matt SchiffmanP.A. Commercial, LLCMore Info
248-281-9907

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Matt SchiffmanP.A. Commercial, LLCMore Info
248-281-9907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.