Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:47421)
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Detailed Information
Lot
32.33 x 65.17 ft
Listing Contract Date
2025-01-09
Location Description
Somerset/Lyon
Property Type
Retail
Transaction Type
For sale
Zoning Description
TM
Building
Cooling Type
Fully air conditioned
Heating Type
Other
Size (Exterior)
2000 square feet
Utility Water
Municipal water
Land
Total Size
Bldg=32.4 x 65.2 FT
Size of Irregular Land
Bldg=32.4 x 65.2 FT
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