Bay Town Plaza is a ± 151,396 retail shopping center located at 4305 Bay Road in Saginaw, Michigan. This asset is being sold As Is/Where Is with an Asking Price of $2,500,000.00 or $16.51/SF.
Constructed in 1974, the 151,396 SF center is comprised of 2 retail buildings positioned on 2 parcels totaling 15.27 acres. Parcel 1 is improved with a 57,358 SF multi-tenant building, and parcel 2 is improved with a 94,038 SF box previously leased to K-Mart. The outlet parcels in front of the center, Speedway gas station, Wendy’s restaurant and Chili’s restaurant, are not included in this offering.
The 15.27-acre site sits at the southwest corner of Bay Road (M-84) and Schust Road south of Tittabawassee Road, less than a mile west of I-675 and a few miles of I-75. Situated in a highly developed commercial and residential area, the center enjoys an ideal location in the heart of the area’s retail hub.
The center is positioned right across the street from Fashion Square Mall, mid-Michigan’s second largest enclosed mall with over 800,000 SF of retail space. Additionally, Cabela’s just announced they will occupy the former Circuit City building at Bay Road and Tittabawassee Road.
• ± 151,396 SF retail center • Excellent value add opportunity through lease up or re-development • Located in heart of area's retail hub across from Fashion Square Mall • Traffic counts exceed 30,000 VPD • Average annual HH income of over $59,000 in a 3-mile radius • All available due diligence provided • Asking Price $1,500,000 $9.91 per SF - Number of buildings: 2 - Tenancy: Multiple Tenants
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