Sports Bar - Bowling Alley - Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30729212
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other, General
Building Size (RSF): 16,004 SF
Gross Land Area: 1.16 Acres
Sale Price: $625,000
Unit Price: $39.05 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Building Name: BOB HI LANES
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/11/2021

Overview / Comments

Long established, Paddy's Pub and Restaurant with a twelve lane Brunswick bowling alley, commonly known as Bob Hi Lanes. Building capacity of 319 persons with plenty of parking. There's four handicap accessible bathrooms. Also, there are three separate bars that include refrigeration along with one walk-in cooler and a keg elevator. Complete kitchen with deep fryer, grill, and ventilation. Known for having a lucky streak as a lottery retailer. Above average liquor, beer, and wine sales. There is a great potential for growth in restaurant and bar sales with the upcoming expansion of Mercy Health. 3000sq ft block building on the corner of Summit and Getty that could be leased out as well. The seller plans to retire after the sale of this property.

Financials

Finance Data Year 2006
Real Estate Taxes - Annual($) $290,000 (Annual)

Additional Details

Nearest MSA: Muskegon-Norton Shores
County: Muskegon
Submarket/Township: Other area
Tax ID/APN: 61-14-70-000-004
Zoning: COM
Retail Clientele: Business
Property Located Between: Getty & Broadway
Property Visibility: Excellent
Largest Nearby Street: Getty
Feet of Frontage: 125
Highway Access: Getty South past Broadway, left before Summit. The drive in theater sign is on the corner of the property.
Site Description: LL in LO.
Area Description: DIRECTIONS: SEAWAY DR (BUS 31) TO NORTON, E TO GETTY.
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Average
Year Built: 1949
Year Renovated: 2003
Roof Type: Domes
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Beautiful exterior large windows with wood accent
Total Parking Spaces: 140
Parking Type: Surface
Parking Description: Partial lot is paved, partial gravel
Heat Type: Natural Gas
Heat Source: Central, Other
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Restaurant, Bowling area - Sports Bar and Banquet Room
Zoning Description: C-3
Lot Frontage: 447x125x127x180x125x150x125
Lot Depth: 447x125x127x180x125x150x125
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Legal Description: CITY OF NORTON SHORES PARKVIEW TERRACE LOTS 4 THRU 18 EXC S 10 FT OF W 30 FT OF LOT 18 INCLUDES W 1/2 VACATED ALLEY LYING E AND ADJACENT TO SD LOTS ALSO INCLUDES LOTS 23 AND 24 AND E 1/2 VACATED ALLEY LYING W AND ADJACENT TO SD LOTS ALL IN BLK 5 ALSO INCL UDES LOTS 25, 26, 27 & 28 AND E 1/2 OF VAC ALLEY LYING W AND ADJ TO SD LOTS BLK 5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,475 72,250 108,418
Median Age: 33.23 36.49 37.34
Households: 3,329 27,348 41,630

Contact

Photograph of Listing Agent

David J Medendorp

Medendorp Real Estate CARWM Member
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