307 Main St - The Little Bar

Special Purpose for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30509076
Building Size (RSF): 1,950 SF
Gross Land Area: 0.50 Acres
Sale Price: $179,900
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/2/2019

Overview / Comments

Excellent opportunity to own a bar, and rental investments! Located in the heart of Oakley on the main road, this property not only is an established bar, but will come with two fully rented income properties on site to help cover expenses. The Little Bar has seating occupancy of 55, as well as extended fenced in outdoor seasonal seating. Sale includes the transfer of the liquor and Michigan Lottery licenses, as well as all fixtures, tables and chairs, and all inventory to be purchased separately but included in the price. The 672 sq. ft. trailer home on site provides $350 a month income, and has a long time tenant occupied. Utilities are seperate with this unit. The upstairs 714 sq. ft. apartment features one bedroom, bathroom, living room and kitchen with no stove. Utilities with this unit are connected to the bar. The bar also features a prep kitchen with counter, fridge, and pizza oven, walk in beer cooler, men's and women’s restrooms, televisions, cable tv, and pool. Pinball table, and internet jukebox are leased items and new owner can negotiate the new lease of those items. This building has ample parking, an outdoor storage facility, and large lot. Security camera system will remain with the building, as well as security alarms that are equipment owned and monthly monitoring service paid for. Buyer to obtain own liquor, and lotto license transfer representation through an attorney. Financials are per request through a licensed agent, and listing agent to be on site during all showings. Any additional information please e-mail, or call listing agent Samantha Rojas with RE/MAX TriCounty at (989) 277-0703 samanthacrojas@gmail.com

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Submarket Type: Other
Taxing Authority: Oakley
Tax ID/APN: 07-09-3-31-0435-000
Zoning: COMMERCIAL/ RESIDENTIAL
Property Visibility: Excellent
Largest Nearby Street: M-52
Feet of Frontage: 168
Highway Access: M-52
Total Number of Buildings: 2
Typical SF / Floor: 1,950 SF
Property Condition: Good
Year Built: 1930
Construction/Siding: Block
Exterior Description: Wood
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Other
Internet Access: Cable
Lot Frontage: 168
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Legal Description: N 36 FT OF LOT 8, ENTIRE LOTS 9 & 10, BLK 6, HENRY PARSHALLS DIVISION VILLAGE OF OAKLEY SEC 31 T9N R3E

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 678 2,636 9,452
Median Age: 43.53 43.54 43.7
Households: 258 1,082 3,754

Contact

Photograph of Listing Agent

Howard Ebenhoeh

RE/MAX TriCounty CPIX Member
© Copyright 2001-2019 Catylist. All Rights Reserved. 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.