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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