Hotel

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30803235
Property Subtypes: Casino, Chalet, Convention Center, Extended Stay, Hostel, Hotel, Inn, Motel, Recreation Cabins, Resort, Spa, Vacation Rental(s), Other
Status: Pending
Number of Units: 20 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 12,000 SF
Sale Price: $89,000
Unit Price: $4,450 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Arlington
Name of Establishment: Arlington
Franchise Parent Name: X
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 8/20/2022

Overview / Comments

Arlington Hotel, built in 1880's, 12,000sf, needs complete remodel, Bar on Ground floor, Hotel rooms on upper floors. Antique area of Bay City, Remodel Grants, available. Adjacent Property May be Available.
Saginaw River Boat Marina’s, Access to Saginaw Bay, & Huge Bay City Park, nearby.
Asking $95,000 or anything close.

Attachments & Media

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: Bay City
Tax ID/APN: 160-020-431-001-00
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: henry St & Saginaw River.
Property Visibility: Fair
Largest Nearby Street: Midland St.
Traffic/Vehicle Count: 300
Highway Access: M-23, 3 Blocks.
Airports: Sag, MBS, Flint
Site Description: West Side Business District.
Area Description: Historical District.
Nearby Attractions: Restaurants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Poor
Year Built: 1880
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Red Brick
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Street
Sprinklers: Wet
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Other
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Fiber Optic, Other
Interior Description: Needs Complete remodel.
Zoning Description: Commercial District
Lot Frontage: 100'
Lot Depth: 50'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: W 53 FT OF LOTS 1 & 2 BLK 15 LAKE CITY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,114 57,579 72,588
Median Age: 33.61 39.97 40.92
Households: 3,859 24,378 30,577

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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