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8036 N Clare Ave 3,500 SF Retail Building Harrison, MI 48625 $697,820 CAD ($199.38 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner liquor store, next to campground and golf course resort-waterfront area
- Corner liquor store & Live in Home with attached Garage behind store
- 1 Acres on Corner Building,Busness and Home behind Building
EXECUTIVE SUMMARY
Corner liquor store & House, This exceptional investment opportunity features a cash-flowing business strategically located just south of Houghton Lake, nestled between the popular Down Hours Shady Acres Campground and Tamaracks Golf Course. The property is conveniently situated near Long Lake and includes a corner liquor store adjacent to both the campground and golf course resort, making it an ideal location in a vibrant waterfront area. The offering encompasses not only the building and the business but also a valuable liquor license. Additionally, the property boasts a comfortable two-bedroom home, complemented by a spacious 15 x 26 addition and a 20 x 28 garage. With ample parking on a one-acre lot located at a hard corner, this investment presents a rare chance to capitalize on a thriving market in a sought-after location.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1960
Price
$697,820 CAD
Price Per SF
$199.38 CAD
Cap Rate
9%
NOI
$62,804 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.56 AC
Zoning
C-1 - Commercial
Parking
12 Spaces (3.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Courtyard
- Signage
- Waterfront
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 003-022-300-05 | Improvements Assessment | $145,382 CAD |
| Land Assessment | $9,518 CAD | Total Assessment | $154,901 CAD |
PROPERTY TAXES
Parcel Number
003-022-300-05
Land Assessment
$9,518 CAD
Improvements Assessment
$145,382 CAD
Total Assessment
$154,901 CAD
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8036 N Clare Ave
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