841 E Front St - Hospitality FOR SALE


Traverse City, MI 49686
$6,999,900 USD
231-633-0432
841 E Front St, Traverse City, MI for Sale
$6,999,900 USD
Hospitality - FOR SALE
1/39
null | Request Cap Rate

841 E Front St
Traverse City, MI 49686


HIGHLIGHTS

  • Commercially zoned waterfront development site
  • 132' on West Grand Traverse Bay
  • HR zoning allows for hotel, restaurant, bar, condominiums and short term rentals

OVERVIEW

Waterfront! Incredible opportunity for a commercially zoned waterfront development site within walking distance to downtown Traverse City and brand new tennis/pickleball courts and shuffleboard at the public Senior Center beach. 132' on West Grand Traverse Bay offers unparalleled sweeping views of Old Mission, Leelanau, Power Island, Maritime Academy and downtown. HR zoning allows for hotel, restaurant, bar, condominiums and short term rentals. Deep lot totaling 1.41 acres makes this an ideal redevelopment opportunity. No value in existing structures.

FOR SALE DETAILS

PRICE

$6,999,900 USD

PRICE/SF

$467 USD /SF

# OF ROOMS

33

PRICE/ROOM

$212,118 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace Beach Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

HR

APN/PARCEL ID

28-51-642-013-00,28-51-642-014-00

ASK ABOUT THIS PROPERTY

Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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Daniel StiebelColdwell Banker Schmidt RealtorsMore Info
231-633-0432

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