Hospitality Investment Sale

Hospitality for Sale
Catylist Listing ID: 29733540
Property Subtypes: Hotel
Number of Units: 93 Units
Building Size (RSF): 45,892 SF
Gross Building Area: See Agent
Sale Price: $4,500,000
Unit Price: $48,387.10 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

Redevelopment site. 4-story former hotel. 38 units. Commercial space on 1st
floor. Basement = 3,743 sq. ft.


Finance Data Year 2015
Real Estate Taxes - Annual($) $995.03 (Annual)

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Detroit W of Woodward
Tax ID/APN: 10004869
Property Located Between: Michigan Avenue
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1923
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,320 119,762 314,144
Median Age: 36.66 34.65 34.94
Households: 5,724 49,773 121,428
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