Oakland Pointe Shopping Center

550 North Telegraph Pontiac, MI 48341

Pontiac
FOR SALE
Property Type:
Strip Center
Amount:
$5,361,257
Last Verified:
Jul 24, 2023

Highlights

  • PRIME DEVELOPMENT OPPORTUNITY
  • MULTI-TENANT STRIP CENTER
  • DIRECTLY ACROSS THE STREET FROM OAKLAND COUNTY BUSINESS CENTER – 1M SF REDEVELOPMENT WHICH WILL INCLUDE COMMERCIAL, INDUSTRIAL, HIGH TECH, RETAIL, OFFICE AND CALL CENTERS
  • 92,509 +/- SF BUILDING FOR SALE
  • BUILT 1985 | 92,509 SF | 6.60 ACRES
  • 162k+ POPULATION IN 5-MILE RADIUS
  • EXTREMELY HIGH VISIBILITY: 450 FT FRONTAGE ON TELEGRAPH ROAD WITH 2 CURB CUTS
  • PROMINENT SIGNAGE ON TELEGRAPH ROAD
  • MULTIPLE TRUCKWELLS AVAILABLE
  • 32,779 VEHICLES PER DAY
  • 175 SURFACE PARKING SPOTS
  • $39,403 (2022) PROPERTY TAXES
  • B-1 ZONING FOR MISCELLANEOUS COMMERCIAL USE
  • SEVERAL NATIONAL RETAILERS IN CLOSE PROXIMITY: SUBWAY, BIG LOTS, DOLLAR TREE, TACO BELL, ARBY’S, RITE AID, SALLY BEAUTY, POPEYES, RED LOBSTER, & PNC

Description

An exceptional investment property with prime development opportunity. This multi-tenant strip center is located directly across the street from the Oakland County Business Center, a massive 1 million square foot redevelopment project that will encompass commercial, industrial, high tech, retail, office, and call center spaces. The property offers a highly advantageous location and various features that make it an attractive investment opportunity.

Pontiac | Michigan


Year Built: 1985
Building Size: 92509sq ft
Lot Size: 6.6 acres

Map of 550 North Telegraph, Pontiac, MI, 48341

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.