The Harrington Inn - 1026 Military Street

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30164697
Property Subtypes: Extended Stay, Hotel, Inn, Other
Status: Pending
Number of Units: 68 Units
Building Size (RSF): 70,296 SF
Gross Building Area: See Agent
Gross Land Area: 0.98 Acres
Sale Price: $1,800,000
Unit Price: $26,470.59 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: The Harrington Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2018

Overview / Comments

The Harrington Inn is a historical landmark situated in the heart of Downtown Port Huron, Michigan. This building includes 68 rooms on 5 floors and a full walk-out basement. Each floor has an approximate area of 11,700 sq.ft. Many rooms have views of the Black River and St. Clair River and all are separately heated and cooled. The main level features a renovated Grand Dining Room, Meeting Rooms, a Hair Salon, Library, Billiard and Game Room and Lounge. The Grand Ballroom can seat up to 185 guests, making it a perfect venue for a Wedding, Formal Event or Banquet. The Large Meeting Rooms can seat up to 40 people and are perfect for company meetings or day retreats. The famous "Fireside Lounge" offers a place for guests to relax.

The building is located on a main road, within walking distance to restaurants, banks, entertainment, shopping and 2 full service boat marinas.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $40,500 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Saint Clair
Taxing Authority: City of Port Huron
Tax ID/APN: 74-06-743-0750-000
Zoning: CBD - COMMERCIAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Military Street
Feet of Frontage: 440
Traffic/Vehicle Count: 10,753
Highway Access: I-94 and I-69
Airports: St. Clair County Airport. Only approx. 70 Minutes to Detroit Metro Airport
Site Description: Corner Lot in the heart of Downtown Port Huron. Excellent exposure and visibility.
Nearby Attractions: The Black River leading out to Lake Huron and Lake St. Clair, Water Access/Marinas (River Street and Desmond), Restaurants (more than 23 options within 1/2 mile), Shopping, Arts & Entertainment (McMorran Theater, Citadel Theater, Sperry's Movie House, Studio 1219), History Museum, St. Clair County Library, St Clair River Walk
Total Number of Buildings: 1
Number of Stories: 5
Property Condition: Average
Year Built: 1896
Year Renovated: 1988
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Surface parking in lot on parcel. An additional 50 parking spaces are located across Military Street in city owned/maintained lot.
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Baseboard, Central
Zoning Description: CBD - Central Business District
Lot Frontage: 440
Lot Depth: 93
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 13,15,17,18,19,20,22 AND 24 BLK 59 WHITE PLAT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,142 35,798 57,702
Median Age: 34.16 36.23 38.52
Households: 4,322 13,939 22,930

Contact

Photograph of Listing Agent

Gerry J. Kramer, S.I.O.R., F.A.B.

Kramer Commercial Realty CPIX Member
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