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588 South Lapeer Road
Oxford, MI 48371
Asking Price
$1.60M
Asset Type
Storefront Retail
Class
Class B
What's Special
6,054 SF commercial building on 0.64-acre parcel in high-traffic location. <p></p><ul><li><span style="color: rgba(0, 0, 0, 1)">6,054 SF building on 0.64-acre parcel</span></li><li><span style="color: rgba(0, 0, 0, 1)">Zoned C1 (Local Commercial) allowing retail and service uses</span></li><li><span style="color: rgba(0, 0, 0, 1)">High visibility along S Lapeer Rd with strong traffic exposure</span></li><li><span style="color: rgba(0, 0, 0, 1)">Flexible layout suitable for retail, office, or service businesses</span></li><li><span style="color: rgba(0, 0, 0, 1)">I
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NOI
$80,000
Cap Rate
5.01%
DSCR
0.84
Underwater
Cash-on-Cash
-3.10%
Monthly Payment
$7,906.032
Annual Cash Flow
$-14,872.385
