Well Established Family Dining Business Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30663370
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 2,158 SF
Gross Building Area: See Agent
Sale Price: $649,000
Unit Price: $300.74 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/4/2021

Overview / Comments

For 40 years this business has supported two families and now its time for retirement. New drive through/pick up window and parking lot expansion. Steady sales of nearly $800,000 annually. Tavern and take out; beer/wine licenses included. Seating for 90. Dining room currently closed but sales steady due to pickup/drive through window.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ottawa
Tax ID/APN: 70-16-18-125-060
Zoning: R-2
Largest Nearby Street: Riley
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1972
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 138
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,299 44,591 90,520
Median Age: 34.5 33.78 36.42
Households: 3,724 14,972 32,740
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