1200 W Broadway Street

Retail-Commercial for Sale
Catylist Listing ID: 29944284
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 67,300 SF
Gross Building Area: See Agent
Gross Land Area: 8.40 Acres
Sale Price: $1,075,000
Unit Price: $15.97 PSF
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 2/23/2017

Overview / Comments

Tremendous opportunity in Three Rivers, Michigan with this 100 room hotel that has a contemporary look and feel. Besides an indoor pool,this property has a large pool-side lounge area, restaurant, bar and banquet area. Building is in reasonably good condition. A liquor license is not included, but there is one available. Some repairs and maintenance is needed, but building shows well.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $43,757 (Annual)
Assessed Value - Total($) $685,100 (Annual)

Additional Details

Nearest MSA: Sturgis
County: Saint Joseph
Taxing Authority: City of Three Rivers
Tax ID/APN: 7505139905700
Zoning: B-2
Retail Clientele: General, Other
Property Located Between: US 131 & S Health Parkway
Property Visibility: Excellent
Largest Nearby Street: US 131
Feet of Frontage: 460
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Renovated: 2006
Construction/Siding: Block, Brick, Stone
Parking Type: Surface
Parking Description: On site, ample.
Lot Frontage: 460
Lot Depth: 795
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file.


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,762 10,746 17,092
Median Age: 31.83 34.75 38.06
Households: 1,040 4,183 6,691
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