161 Pine Dr - Restaurant FOR SALE


Greenville, MI 48838
$1,800,000 USD
231-994-3556
161 Pine Dr, Greenville, MI for Sale
$1,800,000 USD
Restaurant - FOR SALE
1/4
null | Request Cap Rate

161 Pine Dr
Greenville, MI 48838


HIGHLIGHTS

  • Almost 400' of deeded waterfront with a patio overlooking the the private All-Sports lake
  • 3 parking lots
  • Legacy Restaurant-established clientel-owners willing to help with smooth transition

OVERVIEW

Rare opportunity to acquire a legacy restaurant perched on the side of a private All-Sports Lake. The sale of the property includes a Class C liquor license, off-site/catering license and cabaret license. The restaurant boasts 250 indoor seats, a popular dedicated event space that can accommodate an additional appx 50 people and a delightful deck that seats 150 people outside. The well maintained fixtures, furnishings and equipment are included in the sale as well as the name, goodwill and other assets of the business. The establishment generates multiple streams of income including a catering business. The property will easily support SBA 504 & 7a on current financials

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Disclosed with Signed NDA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

commercial

APN/PARCEL ID

014-009-049-00

ASK ABOUT THIS PROPERTY

Carole HigginsCygnus Real EstateMore Info
231-994-3556

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Carole HigginsCygnus Real EstateMore Info
231-994-3556

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