About This Restaurant
Investment Highlights
High Traffic daily. (2) National and Regional Tenant. (1) Law office Walking distance CBD. 42 on site parking spaces NN Leases West Marine 5000 sq. ft Mancinos 3500 sq.dt Law office 1500 sq. ft
Executive Summary
Prime location in Petoskey Mi. Over 60 years of 100 % occupancy. Three solid tenants West Marine, Mancino?s Restaurant and Law office
Property Details
- Sale Type Investment NNN
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Restaurant
- Building Size 10,648
- Building Class B
- Year Built/Renovated 1940/1989
- Price 2,450,000
- Price Per SF 230
- Cap Rate 6.50
- NOI 159,250
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.33
- Land Acres 0.74 AC
Amenities
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 52-19-06-202-072 | Improvements Assessment | $813,800 |
| Land Assessment | $0 | Total Assessment | $813,800 |
| Date Created: | 2024-07-16 04:16:20 | Last Updated: | 2024-07-16 04:16:20 |
| Address: | 105 W Mitchell St , Petoskey, Michigan, 49770 | ||