Restaurant For Sale/For Lease – Price Reduced! Includes Liquor License

Retail-Commercial for Sale
Catylist Listing ID: 30393853
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,836 SF
Gross Land Area: 1.88 Acres
Sale Price: $775,000
Unit Price: $132.80 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

Beautifully updated Full-Service Restaurant FOR SALE ($775,000) or FOR LEASE ($7,000 per month NNN). Price and Lease rate includes F, F & E. Liquor License also included in the sale. Prominently located near the I-96 Expressway on Cedar Street in Delhi Township, this stylish stone-accented building offers a total of 5,836 SF on 1.88 acres with 95 parking spaces. The interior flows nicely with updated finishes and attention to detail that provide patrons with a warm atmosphere to dine in style. An enclosed BBQ Smoker was recently added for those looking to open a top-notch barbecue restaurant. This is an opportunity to take advantage of the resurgence of Cedar Street and the growing Holt Community.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Delhi Township
Tax ID/APN: 33-25-05-15-201-002
Property Visibility: Excellent
Highway Access: I-96
Site Description: Directions: From I-96 take Exit 104 for I-96 BUS toward Cedar St/Holt. Turn left on Pennsylvania Ave. Turn Left on S Cedar Street. Building will be on your right in 0.8 miles.
Area Description: Commercial area with excellent traffic near Krogers, McDonalds, Burger King, Dart Bank, MSUFCU, and more!
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1990
Roof Type: Flat
Exterior Description: Stone
Total Parking Spaces: 95
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,317 59,411 126,349
Median Age: 35.13 35.27 34.67
Households: 5,620 24,788 49,365
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