About 3023 Us Highway 23 S
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.
Features of 3023 Us Highway 23 S
| MLS® # | 25001774 |
|---|---|
| Price | $149,900 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,250 |
| Acres | 0.72 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 3023 Us Highway 23 S |
|---|---|
| Area | Outside MichRIC Area - Z |
| City | Alpena |
| County | Alpena |
| State | MI |
| Zip Code | 49707 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
School Information
| District | Alpena |
|---|
Additional Information
| Legal | T30N R8E SECTION 3 COMMENCING AT A POINT S OF SECTION LINE COMMON TO SECTIONS 3 & 4 245.48 FEET FROM NW SECTION CORNER |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
| Water | Well, Public |
Financial Details
| Annual Property Tax | $2,300 |
|---|---|
| Tax ID # | 011-003-000-085-00 |
| Taxable Value | 50200.00 |
Listing Details
| Agent | Thomas Rumble |
|---|---|
| Office | EXP Realty LLC |