1101 Chavez Drive Flint, MI 48503

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Online Auction For 48,000 SF Historic Armory In Flint, MI

Price: $295,000
Address: 1101 Chavez Drive
City: Flint
State: MI
Zip: 48503
Amenities: Gym,Parking,Storage
Condition: Resale
Fee: No
Seller Type: Agent/Broker
Square Feet: 48452
Provided By: CIMLS

Description:

***MINIMUM BID MEETS RESERVE*** The former Historic Flint Armory is now available to purchase via Online Auction! The 48,452 SF historic building is strategically located along the I-475 with a dedicated on/off ramp from I-475. Property Highlights: -Total square footage is 48,452 SF which is made up of 3 buildings with the Armory totaling 37,212 SF and the built-out garage totaling 9,240 SF and a separate third building is 2,000 SF -Located Near the Mahindra Buick City Project -Armory originally built in 1924 and has newer windows, electrical, roof, and 2 commercial kitchens -Ideal logistics center, storage facility, R&D Center, or housing redevelopment -Cash flow-in place: 19% leased (garage building) with a $30,000/yr NOI ($3.25 psf NNN) -Armory consists of a large gym, multiple classrooms, commercial kitchen and lunch hall as well as stables, bowling alley

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