19900 Livernois - Convenience Store FOR SALE


Detroit, MI 48221- Palmer Park
$420,000 USD
586-202-0499
19900 Livernois, Detroit, MI for Sale
$420,000 USD
Convenience Store - FOR SALE
1/5
null | Request Cap Rate

19900 Livernois
Detroit, MI 48221
Palmer Park


HIGHLIGHTS

  • High Traffic
  • 40 years in business
  • $2,500,000 in lottery sales
  • $6,000-$7000 in Store Sales Per Week
  • Room for growth and upside by adding hot foods

OVERVIEW

- Palmers woods Neighborhood building plus business for Sale. - Owner retiring after 40 years of operation. - Business is doing $2,500,000 in annual lottery Sales ($180,000 Net Revenue from Lottery) - Business is grossing $6,000 - $7,000 revenue per week from Store Sales - Low Cost and Maintenance Operation - Location: Livernois and Pembroke, Palmer Woods, Detroit. - Potential for added revenue through food business (current owner is not selling hot foods) - The city has recently invested in the Livernois and Pembroke area, introducing bicycle routes, promoting smaller businesses, and incorporating public art, creating a dynamic and attractive neighborhood for both residents and businesses alike. An incredible opportunity awaits for entrepreneurs seeking a turnkey convenience store in the vibrant city of Detroit, nestled in the prestigious Palmer Woods neighborhood. The current owner, who has successfully operated the business since 1984, is now retiring, paving the way for a new visionary to take the reins of this lucrative venture. Contact Listing Broker. Do Not Approach owner directly

FOR SALE DETAILS

PRICE

$420,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Palmer Woods Area Convenience Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

Commercial

APN/PARCEL ID

02-0044557

ASK ABOUT THIS PROPERTY

Charles TamouTop Agent RealtyMore Info
586-202-0499

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Charles TamouTop Agent RealtyMore Info
586-202-0499

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