Turnkey Restaurant with 150+
3402 Davison Road Unit SourceFi Flint, MI 48506
3402 Davison Road Unit SourceFi, Flint, MI, 48506
$475,000
For Sale
$475,000
Turnkey restaurant building with newer kitchen equipment, a walk-in cooler and freezer, and 150+ seats.
Property Size3,467 SF
Price / SF$137.01
Days on Market289
Property Features for 3402 Davison Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 3,467 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
365 REALTY
(248) 722-1614
Listed by
Wisam Putrus · License #6502342531
(248) 722-1614
Source
Xome
Added: Oct 4, 2025 Checked: Jul 19 at 1:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 365 REALTY
Investment Insights
Based on property information with market context.
This well-established restaurant business and commercial building is offered in turnkey condition with seating for 150+ guests. The operation is supported by newer appliances, including a hot plate grill, fryers, stove, steam table, and walk-in cooler and freezer, designed to support day-to-day kitchen service.
The property is located on a main street in the heart of Genesee County and includes additional parking lot area with plenty of on-site parking for guests.
As presented, the restaurant is positioned for an owner-user looking to take over an operating concept in place, with the equipment already in use and ready for continued service.
The property is located on a main street in the heart of Genesee County and includes additional parking lot area with plenty of on-site parking for guests.
As presented, the restaurant is positioned for an owner-user looking to take over an operating concept in place, with the equipment already in use and ready for continued service.
Key Highlights
- Well‑established Aldo's Coney Island restaurant business and commercial building
- 150+ seat restaurant with turnkey setup as listed
- Newer kitchen equipment including hot plate grill, fryers, stove, and steam table
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.9k | $14.40 |
| − Vacancy | −$8.9k | −$2.58 |
| EGI | $41.0k | $11.82 |
| − OpEx | −$10.2k | −$2.96 |
| NOI | $30.7k | $8.87 |
3,467 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$439.2K
$384.3K – $512.4K
NOI $30,741 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$729.5K
$638.4K – $851.1K
NOI $51,068 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lady's Coney Island
Restaurant
Aldo's Coney Island
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant building with newer kitchen equipment, a walk-in cooler and freezer, and 150+ seats.
Where is this conventional restaurant located?
The property is located at 3402 Davison Road Unit SourceFi Flint, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑established Aldo's Coney Island restaurant business and commercial building; 150+ seat restaurant with turnkey setup as listed; Newer kitchen equipment including hot plate grill, fryers, stove, and steam table
