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Wing Wah Restaurant 7868 Melton Rd 2,944 SF Retail Building Gary, IN 46403 $697,960 CAD ($237.08 CAD/SF)
INVESTMENT HIGHLIGHTS
- Very close access to Interstates 90 & 94!
- Current use is a restaurant, but great re-use opportunity!
- One acre parcel in highly visible area of Miller Beach!
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Gary, Indiana's Miller Beach area! This attractive 2,944 SF building, constructed in 1977, offers a strategic location in the heart of Miller Beach. This long-standing restaurant location sits on 1 acre of land and is situated on the highly traveled 12/20 (Melton Rd). With its versatile design and thoughtful layout, this property provides an ideal setting for another restaurant operator. Property is located within in a major transportation hub, so it has much potential for redevelopment as well. Property also has access to Lake Michigan water and city sewers are on site. Boasting a well-maintained exterior and ample interior space, this property presents an excellent canvas for customization to meet diverse business needs. The building's convenient location offers easy access to major transportation routes and essential amenities, making it an exceptional choice for those looking to establish or expand their business presence in the area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,944 SF
Building Class
C
Year Built
1977
Price
$697,960 CAD
Price Per SF
$237.08 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
B5 - Business - B5 (Zoning classification to be verified with the City of Gary)
Parking
15 Spaces (5.1 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 45-09-05-476-007.000-004 | Improvements Assessment | $87,388 CAD |
| Land Assessment | $46,840 CAD | Total Assessment | $134,227 CAD |
PROPERTY TAXES
Parcel Number
45-09-05-476-007.000-004
Land Assessment
$46,840 CAD
Improvements Assessment
$87,388 CAD
Total Assessment
$134,227 CAD
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Wing Wah Restaurant | 7868 Melton Rd
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