FRANKS-A-LOT

Retail-Commercial for Sale
Catylist Listing ID: 29606507
Property Subtypes: Restaurant
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.39 Acres
Sale Price: $349,900
Unit Price: $174.95 PSF
Property Use Type: Business
Building Name: Franks-A-Lot
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/16/2016

Overview / Comments

GREAT OPPORTUNITY! BUSY RESTAURANT ON HIGH TRAFFIC DIXIE HWY & SCOTT LAKE RD CORNER. SIGNAGE ON DIXIE HWY. OVER 40,000 CARS PASS THIS LOCATION PER DAY. $20,000 TO $25,000 SALES PER MONTH. VERY WELL MAINTAINED BUILDING. ALL FIXTURES & EQUIPMENT INCLUDED IN SALE.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Lakes Area
Tax ID/APN: 13-13-104-001
Zoning: COMMERCIAL
Property Located Between: South of Dixie Hwy, East of Scott Lake Road
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Dixie Hwy
Feet of Frontage: 86
Traffic/Vehicle Count: 60,000
Site Description: Corner lot with frontage on Dixie Hwy and Scott Lake Rd. 0.39 acre parcel.
Area Description: Located in Oakland County in the Township of Waterford. Located on corner lot at high traffic intersection.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1967
Construction/Siding: Block, Brick, Concrete
Parking Type: Surface
Heat Type: Gas
Heat Source: Central
Interior Description: Very well maintained building. Heating forced air - gas. All fixtures and equipment are included.
Zoning Description: Commercial, Retail
Lot Frontage (Feet): 86
Lot Depth: 100
Land Ownership: Private
Legal Description: T3N, R9E, SEC 13 PART OF NW 1/4 BEG AT PT DIST S 08-55-00 W 8.50 FT FROM NW COR LOT 1 OF 'SILVER CITY SUB', TH S 08-55-00 W 210.37 FT, TH N 80-25-00 W 127.83 FT, TH N 03-00-00 E 210.19 FT, TH S 80-36-00 E 149.62 FT TO BEG, EXC W 60 FT TAKEN FOR HWY 0.38 A W210

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,763 82,039 184,528
Median Age: 42.3 37.26 37.63
Households: 2,378 32,189 73,085

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