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: 5/5/2022

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.

View FullscreenMap

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


Photograph of Listing Agent

Michael Davidson

RE/MAX Right Choice
CPIX Member
© Copyright 2001-2022 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.