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$ 99,900
Est. payment /mo
Price Dropped by $50K
3023 US Highway 23 Alpena, MI 49707-4823
1,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,250 sqft
Price per Sqft $79
Subdivision Mi
MLS Listing ID 70448442
Year Built 1950
Annual Tax Amount $2,300
Tax Year 2024
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 45 x 560 x 45 x 560
Property Sub-Type Commercial/Industrial
Property Description
Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery, benefiting from its prime location, ample parking, and strong previous patronage. While currently non-operational due to personal circumstances, the diner boasts a solid reputation and significant exposure from heavy traffic on a major thoroughfare. With some tender loving care and the right business strategy, this diner has the potential to not only regain its former glory but also deliver an attractive CAP rate, making it a promising venture for new startups or established restaurant expansions.
Location
State MI
County Alpena
Area Alpena Twp (04001)
Interior
Heating Forced Air
Building
Structure Type Frame,Steel,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by EXP Realty LLC