231 E Buffalo St - Hospitality FOR SALE


New Buffalo, MI 49117
$1,595,000 USD
269-586-2330
231 E Buffalo St, New Buffalo, MI for Sale
$1,595,000 USD
Hospitality - FOR SALE
1/58
null | Request Cap Rate

231 E Buffalo St
New Buffalo, MI 49117


HIGHLIGHTS

  • center of downtown New Buffalo, MI
  • hotel with a separate spa building
  • jetted tubs, kitchenettes for extended stays, manicured grounds, hot tub, and fire pit

OVERVIEW

Business Opportunity in the City of New Buffalo! Successful Short Term Rental Property with 6/7 units. Also includes an additional building (currently used as a spa) that has 3 bedrooms/1 full bath. The main building was built in 1950 for a local professional and features sprinkles of art deco, gas log fireplaces in all but one unit, large jetted/jacuzzi tubs, kitchenettes for extended stays, manicured grounds, hot tub, firepit area, outdoor decking, ample parking, private and communal gathering spaces, vaulted ceilings, sky lights, individual heating/cooling controls and 1 unit even has a sauna. Located near the center of town, supermarket, shoppes, restaurants, Amtrak Station, Lake Michigan Public Beach, Four Winds, Parks, Pickleball and Tennis Courts, and All things Harbor Country.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$236 USD /SF

# OF ROOMS

6

PRICE/ROOM

$265,833 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Buffalo Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

-

APN/PARCEL ID

11-62-0010-0010-07-7,11-62-0010-0019-00-7

ASK ABOUT THIS PROPERTY

Traci LauricellaReMax-New BuffaloMore Info
269-586-2330

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Traci LauricellaReMax-New BuffaloMore Info
269-586-2330

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