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: |
$799,000 |
| Unit Price: |
$134.63 PSF |
| Property Use Type: |
Business |
| Building Name: |
Bongo's |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/19/2018 |
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 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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