About This Restaurant
Investment Highlights
Heavy summer traffic, well known staple to the area Potential for additional income Great location, trusted name
Executive Summary
Perfect for owner/operator with living quarters on site. Also for investor with manager, or tenant living on site. Campground, restaurant, bar, class 3 liquor license. Business has been scaled down since 2020 (covid) so if owner was to return to pre-covid operating style net income could be greatly increased. Cap rate shown is 2019 numbers
Property Details
- Sale Type Investment
- Sale Condition Business Value Included
- Property Type Retail Retail General Retail Bar General Retail Restaurant Retail
- Building Size 4,000
- Year Built 1968
- Price 450,000
- Price Per SF 113
- Cap Rate 7.95
- NOI 35,791
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 4.98 AC
Property Taxes
| Parcel Number | 030-002-000-080-00 | Improvements Assessment | $0 (2024) |
| Land Assessment | $0 (2024) | Total Assessment | $83,000 (2024) |
| Date Created: | 2024-07-16 04:16:18 | Last Updated: | 2024-07-16 04:16:18 |
| Address: | 3090 US 23 S , Rogers City, Michigan, 49779 | ||