Briar Pointe Plaza

47200-47340 W 10 Mile Rd Novi, MI 48374

47200-47340 W 10 Mile Rd, Novi, MI, 48374
47200-47340 W 10 Mile Rd, Novi, MI, 48374
FOR SALE
Property Type:
Neighborhood Center
Amount:
$6,850,302
Last Verified:
Dec 03, 2024

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Highlights

  • - 29,908 SF building with 9 units
  • - Constructed in 1994
  • - Zoned B-1 for versatile commercial use
  • - Prime location in Novi area
  • - Outstanding 98.7% occupancy rate
  • - Attractive opportunity for retail and neighborhood center investors

Description

Introducing a prime investment opportunity in the heart of Novi, MI! This impressive 29,908 SF building, constructed in 1994, currently boasts an exceptional 98.7% occupancy rate across its 9 units. Zoned B-1, the property offers a versatile and attractive space for retail and neighborhood center businesses. With a strong track record of occupancy, this property presents a compelling option for investors seeking a stable and lucrative addition to their portfolio. Positioned in the thriving Novi area, this property is primed to capitalize on the area's dynamic economic growth. Don't miss out on the chance to acquire this flourishing commercial asset.

Located in the city of Novi, MI, the area surrounding the property offers a blend of commercial and leisure amenities. Just minutes away, you'll find the renowned Twelve Oaks Mall, home to a plethora of retail and dining options. For networking and business gatherings, The Baronette Renaissance Detroit-Novi Hotel and Suburban Collection Showplace are nearby. Nature enthusiasts will appreciate the tranquility of Lakeshore Park and Maybury State Park, both within easy reach. With its dynamic mix of commerce and recreation, Novi presents an attractive opportunity for investors seeking a prime location for an office or office building.


Year Built: 1994
Building Size: 29908sq ft
Building Class: C
Lot Size: 6.42 acres

Map of 47200-47340 W 10 Mile Rd, Novi, MI, 48374

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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.