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3023 S US 23
Alpena, MI 49707
Retail Property For Sale
EXECUTIVE SUMMARY
Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery, benefiting from its prime location, ample parking, and strong previous patronage. While currently non-operational due to personal circumstances, the diner boasts a solid reputation and significant exposure from heavy traffic on a major thoroughfare. With some tender loving care and the right business strategy, this diner has the potential to not only regain its former glory but also deliver an attractive CAP rate, making it a promising venture for new startups or established restaurant expansions.
PROPERTY FACTS Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,250 SF
Building Class
C
Year Built
1990
Price
$137,593 CAD
Price Per SF
$110.07 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.72 AC
Zoning
Commercial - Commercial Zoned District
Parking
20 Spaces (16 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 011-003-000-085-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $70,492 CAD |
PROPERTY TAXES
Parcel Number
011-003-000-085-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$70,492 CAD
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