Motel for Sale

Hospitality for Sale
Catylist Listing ID: 30187758
Property Subtypes: Motel
Number of Units: 21 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $800,000
Unit Price: $38,095.24 Per Unit
Property Use Type: Business
Building Name: Motel
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/15/2018

Overview / Comments

Location! Location! Location! 246' frontage on a busy commercial street, near GM Tech Center, Warren city offices and shopping area. Excellent established 21 room hotel with Two bedrooms, hall and kitchen manager's quarter and a leased restaurant. The owner is retiring after 30+ years. Furniture and fixtures in all rooms included. The property can be used as a motel or lots of other developments opportunities. Rented restaurant brings additional 1,625.00 per month income. Lot size is 246' x 160' which includes two vacant lots.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 1315103001
Roof Type: Gable

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,771 137,205 428,243
Median Age: 41.04 41.22 38.31
Households: 5,096 55,784 169,014


Photograph of Listing Agent

Dave Piyush

Real Estate One
CPIX Member
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