Nick's Cavern Club
|
Property Type:
|
Retail-Commercial
for Sale
Mixed Use, Restaurant, General
|
| Building Size (RSF): |
21,600 SF
|
| Sale Price: |
$1,950,000 |
| Unit Price: |
$90.28 Per SF |
| Ceiling: |
12 ft. |
| Property Status: |
Existing |
| Gross Building Area (GBA): |
21,600 SF |
| Total Land Size: |
0.53 Acres |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Owner Financing |
| Last Updated: |
8/25/2010 |
|
Fully renovated warehouse one block from downtown Ann Arbor. Originally built in the 1850's this building has been totally rehabbed. There are 4 unique bars/nightclubs in the building. The Cavern Club in the lower level walk-out has tunnels and cave like feel. Fantastic owner's unit on 3rd floor. There is also an apartment and office space on the second floor. Property can be used as retail or office. Price includes liquor license and bar/nightclubs. Priced for quick sale, no value for businesses.
|
| Tenancy: |
Single Tenant |
| Percent Occupied: |
100% |
| Nearest MSA: |
Ann Arbor |
| County: |
Washtenaw |
| Tax ID Number/APN: |
090929211029 |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Zoning: |
C2B Central Business District |
| Market Type: |
Medium |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
W Huron & W Liberty |
| Side of Street: |
West |
| Property Visibility: |
Excellent |
| Street Name: |
First |
| Feet of Frontage: |
105 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Excellent |
| Year Built: |
1850 |
| Year Renovated: |
1997 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
5 |
| Parking Type: |
Surface |
| Parking Description: |
Street Parking, plus public lot near-by. |
| Zoning Description: |
Central Business District |
| Lot Frontage (Feet): |
105 |
| Lot Depth: |
220 |
| Topography: |
Level |
| Legal Description: |
PRT OF LOT 5, BLOCK 2, ASSESSOR'S PLAT NO. 3, BEG AT A POINT ON E/L OF LOT 5 111 FT S OF THE NE COR OF LOT 1 BLOCK 2, TH S 104.83 FT, TH S 89 DEG 56 MIN 1 SEC W 92.75 FT, TH N 19 DEG 9 MIN 26 SEC W 108.45 FT, TH ALG THE APPROX C/L OF A 1.6 FT WIDE BUILDING DUE EAST 94.93 FT, TH CONT ALNG SAID SAID WALL C/L N 85 DEG 44 MIN 16 E 33.50 FT TO POB, CONTAINING 11,361 SQ FT, SUBJECT TO AND TOGETHER WITH EASEMENT FOR INGRESS & EGRESS |
| Real Estate Taxes - Annual($): |
$22,913.36 |
| Assessment Year: |
2008 |
| Assessed Value - Total($): |
$893,700 |
2000 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
27,888 |
96,110 |
143,887 |
| Median Age: |
22 |
27 |
29 |
| Households: |
10,393 |
37,955 |
57,856 |
| Avg. Household Income: |
$46,193 |
$64,227 |
$70,215 |
| More Demographic Statistics |
For More Information, Contact… |
| Note: The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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