Bongo's
Retail-Commercial
for Sale
| Catylist Listing ID: |
30237071 |
| Property Subtypes: |
Restaurant, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
5,935 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.85 Acres
|
| Sale Price: |
$899,000 |
| Unit Price: |
$151.47 PSF |
| Property Use Type: |
Business |
| Building Name: |
Bongo's |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/26/2018 |
Overview / Comments
|
Nightclub/restaurant which includes FF&E, MLCC licenses, Class "C" liquor license, outdoor service, dance & entertainment license, SDM carryout service license and Sunday sales. New LED lights. Has high quality sound and dance floor with light system. Completely furnished and includes reach-in coolers and flat screens. New furnace installed in November 2017. Both sides of property completely fenced in. 1/4 mile away from Auburn Hills. Large 3,500 sq. ft. completely enclosed outdoor patio, which is fully developed for music and food/beverage service. Good redevelopment opportunity. Outright Sale of $899,000 cash or acceptable terms, which includes business, real estate, liquor license and FF&E. Or business asset sale with lease, which includes purchasing the business, liquor license and FF&E for $400,000 with lease rate of $7,500/month.
|
Financials
| Finance Data Year |
2017 |
| Real Estate Taxes - Annual($) |
$9,956 (Annual) |
Additional Details
| Nearest MSA: |
Detroit-Warren-Dearborn |
| County: |
Oakland |
| Submarket/Township: |
Pontiac |
| Tax ID/APN: |
14-15-426-012 |
| Zoning: |
B-1 |
| Retail Clientele: |
General |
| Property Located Between: |
Pontiac Road |
| Traffic/Vehicle Count: |
31,290 |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Year Built: |
1978 |
| Roof Type: |
Other |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Parking Description: |
Ample |
| Sprinklers: |
Other |
| Heat Type: |
Other |
| Heat Source: |
Other |
| Air Conditioning: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,462 |
63,672 |
185,498 |
| Median Age: |
30.09 |
34.43 |
38.6 |
| Households: |
4,623 |
23,828 |
72,132 |
|
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