32490 Van Dyke Ave - Hospitality FOR SALE


Warren, MI 48093- Northeast Warren
$1,700,000 USD
586-999-9286
32490 Van Dyke Ave, Warren, MI for Sale
$1,700,000 USD
Hospitality - FOR SALE
1/3
null | 14.3% Cap Rate

32490 Van Dyke Ave
Warren, MI 48093
Northeast Warren


HIGHLIGHTS

  • Frontage on Van Dyke
  • Retail Corridor with Superb Demographics
  • $100,000 in improvements

OVERVIEW

Now available: a fully renovated 19-unit extended stay motel with an additional on-site apartment, strategically located in the heart of Warren. Over $100,000 in renovations completed in 2024, with a recent Certificate of Compliance from the city.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$288 USD /SF

# OF ROOMS

19

PRICE/ROOM

$89,474 {currency}

CAP RATE

14.3%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King Richard Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

STRIP CENT

APN/PARCEL ID

12-13-03-106-004

ASK ABOUT THIS PROPERTY

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

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

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

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