Rare Opportunity - Alpine

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30531767
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, General
Status: Pending/Contingent
Building Size (RSF): 2,818 SF
Gross Land Area: 0.78 Acres
Sale Price: $940,000
Unit Price: $333.57 PSF
Ceiling: 10 ft.
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Building Name: Subway
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2021

Overview / Comments

Rare opportunity to purchase building in highly desired Alpine Ave corridor. Drive-thru, Patio seating, Pylon signage and full service curb cut. Built originally as “Schlotzsky’s Deli” the building is currently occupied by Subway. As conditions of the sale, Subway Corporation will have to terminate their lease of the premises and the Subway store relocated to an in-line strip center location on Alpine.
The site offers 34 parking spaces.

*All showings must be coordinated through the listing office.

Attachments & Media

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Alpine Corridor
Taxing Authority: Alpine Township
Tax ID/APN: 41-09-36-354-001
Zoning: C2
Property Visibility: Excellent
Site Description: Unit 1 Alpine Center, Kent County Condominium Subdivision Plan No. 178, Liber 2681, Page 1295
Area Description: DIRECTIONS: I-196 to Alpine Ave, north to property
Tenancy: Single Tenant
Year Built: 1990

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,794 56,422 160,726
Median Age: 29.96 36.42 35.47
Households: 3,340 22,819 65,369
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