150 South Fifth Avenue also known as the Fifth Avenue Building is an investment with a strong potential. Bluestone is offering the opportunity to purchase the commercial portion and management rights to this fully-leased multi-tenant office and retail condominium. Located in the heart of downtown Ann Arbor, the Fifth Avenue Building is a turn-of-the-20th Century historic structure that has been extensively renovated and updated including a large-scale addition in 2001. This building is perfect for an investor looking for stable returns with established tenants and/or long-term upside potential.
The Fifth Avenue Building is located on the corner of 5th Avenue and East Washington Streets, just two blocks east of Main Street. It offers easy access to US-23 and MI-14 and is merely minutes away from the University of Michigan’s Central Campus. The Fifth Avenue Building is zoned C2A, and sits on a 0.19-acre site. The building features 22,000 square-feet of four-level mixed use office, retail and condominium space. This fully-occupied facility, along with its flexible uses, ideal location, reliable tenants, and additional parking income potential, ensures a sustainable and successful investment! For more information, visit Bluestone Realty Advisors or contact Newcombe Clark.