$1,800,000 for Sale

330 w tienken road, rochester hills, MI 48306

Property Description
Discover a prime investment opportunity with this medical office building prominently located in a high-income area. This established property hosts seven units across a 1.75-acre lot, featuring five professional tenants, three of whom are long-term, enhancing stability and investment reliability. Despite its current occupancy, there are two available units, presenting an immediate value-add potential through lease-up at market rates. Recently enhanced with a new roof in 2023 and a freshly sealed parking lot, the building is well-maintained and equipped to meet medical standards, including a specialized radiation room. The ample parking facility includes 72 spaces, accommodating both staff and client needs effortlessly. Strategically positioned to capture significant daily traffic, the site benefits from visibility to over 20,667 cars per day. The surrounding demographics are ideal for medical professionals, with an average household income exceeding $130,000 within a 5-mile radius and a population of 142,000 potential clients. Additionally, the spacious lot offers expansion possibilities with enough room to erect additional buildings, further enhancing its value. This property not only promises a steady flow of current income but also offers substantial growth potential through strategic management and development. An investment here is not just in property but in the future of healthcare services in a thriving community.
General Information
Sale Price: $1,800,000
Price/SqFt: $145
Status: Active
MLS#: 20240058352
City: rochester hills
Post Office: rochester hills
Schools: rochester
County: Oakland
Acres: 2.47
Lot Dimensions: 149x528
Size: 12,383 sq.ft.
Acreage: 2.47 est.
Year Built: 1984
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $14,710
Est. Winter Taxes:  $13,325
Map


IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Anthony J Trucano of Keller Williams Paint Creek, Phone: (248) 609-8000
(810) 955-4898 Call Sally Newland for more information about this property.

Ask me about this property

Listings Presented by:
Sally Newland
Call:
(810) 955-4898

Office:
(810) 600-2175