Turnkey bar/restaurant opportunity with licenses

Retail-Commercial for Sale
Catylist Listing ID: 30744925
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $199,900
Unit Price: $33.32 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/15/2021

Overview / Comments

Established local restaurant and bar, with license for additional bar. The building has an enormous 1,400 sq ft kitchen with 2 cook lines, flat tops, range, fryers, pizza ovens, BIB system, and more. There are 3 sections to the public restaurant portion; the bar, with pool table, bar seating, and stage; the middle "dining room" section with built-in buffet/salad bar; and the banquet section with knotty pine and a licensed second bar. Property is being sold with all of the kitchen and bar equipment, furniture, and all licenses!

Additional Details

Nearest MSA: Lansing-East Lansing
County: Shiawassee
Tax ID/APN: 00460005013
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Average
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Legal Description: VILLAGE OF NEW LOTHROP E 33 FT OF LOT 11 EX N 80 FT OF W 21 FT OF E 33 FT OF LOT 11 ALSO ALL OF LOT 12 BLK 5.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 898 3,120 10,101
Median Age: 42.65 43.52 42.48
Households: 359 1,222 3,910

Contact

Photograph of Listing Agent

Michael Davidson

RE/MAX Right Choice
CPIX Member
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