110 Battle Aly - Storefront FOR SALE


Holly, MI 48442
$899,000 USD
248-867-2399
110 Battle Aly, Holly, MI for Sale
$899,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

110 Battle Aly
Holly, MI 48442


HIGHLIGHTS

  • 12 private parking spaces with free public parking across the street and throughout Holly.
  • The western exterior wall has been damaged by a tragic fire originating next door, but the building has been certified as structurally sound.
  • All fire/smoke/water damage has been remediated. Walls are stripped to studs, floors exposed.
  • All salvaged antiques, FFE, trademarks, mailing lists, website, and class C liquor license are included in the asking price.
  • The exterior western wall will be restored prior to the conclusion of any sale.
  • Asking price is $899,000.00, more info at www.hollyhotel.com.

OVERVIEW

The premier destination restaurant, The Holly Hotel, was damaged by a neighboring fire in 2022. It is now remediated and ready for renovations. A new owner has the opportunity to re-create this one of a kind property and open it for a waiting, and established clientele. All antiques that were saved are stored and will transfer along with FFE and liquor license. Owners have been running this gem since the 1970's and have decided this is the time to sell. The Holly Hotel will remain on the National Register of Historic Places and is eligible for numerous historic grants, MEDC funding, State of Michigan Historic Commission funding/tax incentives, Oakland County Historic Downtown funding, and low interest financing. Seller has already explored the above and will work with a new buyer in pursuing these options.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Holly Hotel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1891

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,366 SF

ZONING

C2

APN/PARCEL ID

01-34-304-008

ASK ABOUT THIS PROPERTY

Larry SchultzFriedman Real EstateMore Info
248-867-2399

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Larry SchultzFriedman Real EstateMore Info
248-867-2399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.