Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF):
15,130 SF
Gross Building Area:
15,428 SF
Gross Land Area:
2.18 Acres
Sale Price:
$695,000
Unit Price:
$45.94 PSF
Property Use Type:
Net Leased Investment (NNN)
Building Name:
Shaver Road Plaza
Usable Size (USF):
15,130 SF
Sale Terms:
Cash to Seller
Cap Rate:
Undisclosed
Last Updated:
7/13/2020
Overview / Comments
Shaver Road Plaza is an ideal investment opportunity for an OWNER/USER. Mostly due to the upside potential. The vacant suites are approx 1,500 sf and two (2) are approx. 3,000 sf. An OWNER/USER will be able to offset his general expenses by the income stream generated by his tenants. If desired, VACANT SUITES CAN BE COMBINED TO A TOTAL OF 9,000 SF!
Shaver Road Plaza is situated at a controlled intersection of Shaver Road and Oakland Drive. It has excellent visibility and safe & easy ingress/egress from Shaver Road and Oakland Drive.
Shaver Road is a natural extension of the ever popular and successful retail corridor Westnedge Avenue and connects with US 131 to the Southwest. There is 600 feet of frontage on Shaver Road and 380 feet on Oakland Drive make this an attractive retail opportunity and location. Shaver Road Plaza is located in an area of growing subdivisions where the Average Household Income is $68,043 within 1 mile of the shopping center.
Shaver Road Plaza stretches from over 600 feet of frontage on Shaver Road
and 380 feet on Oakland Drive. The Plaza is a natural extension of the ever
popular and successful retail corridor Westnedge Avenue. It features up to 9
retail suites with large, glass storefronts. Suites range from 1,500 sf to 3,130
sf. A large pylon sign draws the attention of passing traffic and easily
identifies the tenancy which offers 90+/- parking spaces. This shopping
center is located in an area of growing subdivisions.
It is zoned B-3, General Business District which allows for broad spectrum of
permitted uses - including veterinary hospitals/clinics, office/showrooms,
micro-brewers/brew pubs, animal shelters, religious institutions and
drive-thru establishments.
Capitalize from the large, major retail traffic generators - Meijer and the
Super Wal*Mart.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Alliance of REALTORS West Michigan nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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