Great Bar & Restaurant Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30188120
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 5,576 SF
Gross Building Area: See Agent
Sale Price: $535,000
Unit Price: $95.95 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/16/2018

Overview / Comments

A great restaurant opportunity that is ready for a new owner. This sale includes many pieces of equipment to help get your new business up and running. It's located on busy road with great visibility from both directions.

Includes Kitchen Equipment, Full Bar, Pizza Oven, Walk-In Coolers, Draft Beer Coolers
Seating for 150+ in the dining room
Seating for 25 at the Bar
Additional 60+ seating in Banquet Room
80 Parking Spaces
~28,900 vehicles drive by every day

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb East
Tax ID/APN: 50-55-041-001-00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: On Groesbeck between M59 and Cass Ave
Property Visibility: Excellent
Largest Nearby Street: Groesbeck HWY
Feet of Frontage: 280
Traffic/Vehicle Count: 28,900
Highway Access: I94 and M59
Airports: City Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,576 SF
Property Condition: Good
Year Built: 1963
Year Renovated: 2001
Roof Type: Flat
Construction/Siding: Block, Wood Frame
Total Parking Spaces: 80
Parking Type: Surface
Parking Description: Parking Lot on Property
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Internet Access: Cable
Zoning Description: Commercial - Retail Restaurant/Bar
Lot Frontage: 280
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,298 101,389 260,854
Median Age: 35.43 40.16 40.59
Households: 4,870 40,198 105,482

Contact

Photograph of Listing Agent

Philip J Grosso

Keller Williams Macomb-St Clair
CPIX Member
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