Prior Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30507492
Property Subtypes: Restaurant
Building Size (RSF): 2,180 SF
Gross Land Area: 26,760 SF
Sale Price: $289,000
Unit Price: $132.57 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/15/2019

Overview / Comments

Prior location of a Pizza Hut, Existing Building can be refurbished. Multiple Lots with 278.75 frontage by 96 feet deep. Seller will consider land contract with a minimum of $100,000 down. Subject is located between Rosedale Park and Old Redford, communities where multiple grants have been approved for extensive rehabilitation along the Grand River corridor. Increased growth in residential and commercial. REMS processing fee $295.00 due from purchaser. Land Contract application fee $75.00 REMS has an application

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Taxing Authority: Wayne County
Tax ID/APN: 22007425-30
Retail Clientele: General
Property Located Between: W.Mc Nichols and Burt Rd.
Property Visibility: Excellent
Largest Nearby Street: W. McNichols
Feet of Frontage: 278
Highway Access: Southfield Fwy. approximately 1.5 miles
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,180 SF
Property Condition: Fair
Year Built: 1976
Roof Type: Hip
Construction/Siding: Concrete
Total Parking Spaces: 36
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 278.75
Lot Depth: 96
Water Service: Municipal
Sewer Type: Municipal
Legal Description: more than one legal involved

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,111 168,712 453,338
Median Age: 34.27 37.26 37.3
Households: 7,438 65,561 175,482


Photograph of Listing Agent

Robert R LaBute

Real Estate Management Specialists, Inc.
CPIX Member
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