5046 S West Bay Shore Dr

Investment Highlights

Present Use: Restaurant/Food Service, Office Building, Retail Store, Recreational/Resort, Bar Business with Liquor License Included With Sale Zoning: Office, Retail, Commercial, Restaurant/Food

Executive Summary

One of a kind fully-leased commercial and residential building with a beautifully built restaurant, multiple wine tasting rooms, retail and office spaces, and four successful airbnb rentals totaling over 18,000 square feet! With a full bar and (class C) liquor license, commercial kitchen, food and beverage store/market, indoor and outdoor seating for up to 300, and space for on-site brewery and event barn, the potential in this property is huge. No additional licensing is needed for a full brewpub operation with beer and wine takeout! Set on 4.3 acres with lengthy frontage on highly-traveled M-22, this building is just across the street from West Grand Traverse Bay including a popular public waterfront park and boat launch! There are beautiful bay views from many spots on the property, on the covered, 3-season, 1700+ square foot wrap around porch and in the building. The existing building is beautifully restored but also has value add potential, including a possible barn event space and two development parcels on the south side of the building - great possible brewery production building or additional residences. Ample parking, covered outdoor seating, and meticulous landscaping add to the phenomenal setting. This property and opportunity are like no other in the Traverse City region!

• Sale Type    Investment or Owner User
• Sale Condition    Bulk/Portfolio Sale
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Retail/Office Office Office Live Work Unit Storefront Retail/Residential
• Building Size    18,000
• Building Class    C
• Year Built    1960
• Price    3,700,000
• Price Per SF    206
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.10
• Land Acres    4.30 AC

• Restaurant
• Waterfront