The Falls Hotel - For Sale

Hospitality for Sale
Catylist Listing ID: 30295825
Property Subtypes: Bed & Breakfast, Convention Center, Extended Stay, Hotel, Resort, Spa, Vacation Rental(s), Other
Number of Units: 1 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $114,999
Unit Price: $114,999 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/25/2019

Overview / Comments

The Falls Hotel is a Newberry landmark. The beautiful brick fa├žade, stamped metal ceilings and original woodwork are just part of the charm of this building. Step inside and take in the massive dining area, dance floor and coffee shop. Possibilities abound and this property could be converted into a boutique hotel, brewery or even an apartment building with mixed-use areas. With a full commercial-grade kitchen and dining area with tables and chairs, you could potentially host events in this charming facility. Bring your creativity and make this turn of the century gem a hot spot for locals and tourists alike!

Additional Details

Nearest MSA: Sault Ste. Marie
County: Luce
Tax ID/APN: 041-100-090-0100
Retail Clientele: General, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: M-123 and M-28
Feet of Frontage: 76
Highway Access: M-123 and M-28 and I-75.
Total Number of Buildings: 1
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 20
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Lot Frontage: 76'
Lot Depth: 130'
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,544 2,646 4,484
Median Age: 41.29 39.26 42.22
Households: 664 664 1,489


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