1830 Pipestone Rd - Restaurant FOR SALE


Benton Harbor, MI 49022
$1,600,000 USD
949-698-1105
1830 Pipestone Rd, Benton Harbor, MI for Sale
$1,600,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

1830 Pipestone Rd
Benton Harbor, MI 49022


HIGHLIGHTS

  • Commercial Zoning | Rare Opportunity
  • Pipestone Rd (9,300 VPD) | Interstate 94 (63,700 VPD) |
  • Fairplain Plaza (352,000 SF) | Pipestone Plaza (177,000 SF) |Nearby Grocery Stores | Primary Retail Corridor
  • New Chick-fil-A & Starbucks | Limited Casual Dining Corridor |
  • Strong Trade Area | Major Employers | Large Retail District |Nearby Hotels | Restaurant Cost Advantages | New Data Center
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an 8,500 square foot, freestanding, Vacant Restaurant property located in Benton Harbor, Michigan. The site is zoned for Commercial (D-1), providing for a wide range of commercial uses. The site presents a future investor with upside through either lease up of the space or complete redevelopment of the large 1.93 acre lot. The offering presents the opportunity to acquire a high-grade restaurant ready asset, within a growing trade area. The restaurant ready assets allows for significant construction cost savings to a user or developer, saving an estimated $1,000,000 in shell construction costs. There continues to be new retail development in the area with Chick Fil A and Starbucks opening new locations just down the road (see aerial on page 10). In addition, Benton Harbor is being eyed as the potential home of a new $3B data center located along York Avenue to accommodate the growth of AI and would had hundreds of jobs to the area.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant Restaurant | Commercial (D-1)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

GC

APN/PARCEL ID

11-03-7400-0004-01-7

ASK ABOUT THIS PROPERTY

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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