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13450 Dix Toledo Rd Southgate, MI 48195

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For Sale
$699,000

15-unit motel with manager's apartment, high cap rate.

Lot size:
0.28 Acres

Property Features for 13450 Dix Toledo Rd

General Information

Lot size
0.28 Acres

Building Details

Year built
1952

Source: Brookstone, Realtors LLC Agent Tariq Herish

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Profitable Motel Investment Opportunity

The Hollywood Motel, located at 13450 Dix Toledo Rd in Southgate, Michigan, presents an investment opportunity. This extended-stay motel features 15 units and a manager's apartment. The property was renovated last year with $32,000 in upgrades. The motel is fully licensed and offers amenities such as WI-FI, cable TV, and free parking. Situated on a heavily trafficked road, the property benefits from 120 feet of frontage and an estimated 35,000 vehicles passing by daily. The average weekly rate is between $300 and $325. The surrounding area has an average household income of $84,000 within a one-mile radius.
Insight Report Location Intelligence

Current Use by Public Records

Hollywood Motel (new ... Motel Harion Inc Hotel

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Almar Motel, London Motel, Hollywood Motel (new owners by Southgate's Extended Stay LLC.), Penelope's Venue, Harion Inc

Location Insight

  • Map
  • Local Demand
City
Southgate
County
Wayne
State
Michigan
Longitude
-83.199472
Latitude
42.209321

FAQs

What type of property is this?
Motel - 15-unit motel with manager's apartment, high cap rate.
Where is this motel located?
The property is located at 13450 Dix Toledo Rd Southgate, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: - High Cap Rate: 20.97% offers a lucrative investment opportunity; - Substantial Gross Income: $196,000 annually indicates strong revenue potential; - Recent Renovations: $32,000 in upgrades completed last year
More about this property
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