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23594 Hoover Rd
Warren, MI 48089
Cozy Grill & Cafe · Retail Property For Sale
Investment Highlights
- Attractive Owner-User or Investor Opportunity | Priced at $535,000 | A 2,316 SF Free-Standing Restaurant Building on Approximately 0.5 Acres
- Turnkey Restaurant Infrastructure in Place | Existing Restaurant Layout, Equipment, and Build-Out Allow a New Operator
- Densely Populated Urban Trade Area | Located in Warren with over 10,999 Residents within 1 Mile and more than 121,905 within 3 Miles
- Highly Visible Corner Location with Superior Access | Situated on a Corner Lot at Hoover Road and Belmont with Three Points of Ingress/Egress
- Supplemental Income from On-Site Secondary Building | A Separate Building on the Property is Currently Leased on a Month-to-Month Basis at $500/Month
- Flexible M-2 Zoning | Warren's M-2 Zoning Supports Continued Restaurant Use while also Allowing for a Range of Future Alternative Uses
Executive Summary
Attractive Owner-User or Investor Opportunity | Priced at $535,000 | A 2,316 SF Free-Standing Restaurant Building on Approximately 0.5 Acres, Offered at $231/SF, Representing an Accessible Entry Point for an Owner-Operator or Value-Add Investor in a Proven Food Service Location
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,433 SF
Building Class
C
Year Built
1963
Price
$743,794 CAD
Price Per SF
$519.05 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.50 AC
Opportunity Zone
Yes
Zoning
M2 - Retail/Industrial
Parking
35 Spaces (24.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 12-13-26-303-046 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $138,684 CAD |
Property Taxes
Parcel Number
12-13-26-303-046
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$138,684 CAD
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