Caberfae Hwy Wellston, MI 49689

Property Details for 0 Caberfae Hwy

Year built

1949

Lot size

1.75 lot acres

Property size

2,698 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a thriving convenience store in Wellston, Michigan, ideally situated on Caberfae Highway, a high-traffic route boasting over 4100 vehicles daily. The property encompasses two buildings totaling 2,698 square feet on a generous 1.75-acre lot. Built in 1949, the main structure houses a successful convenience store featuring a meat counter, presenting significant potential for expansion. The property also includes a separate house situated on an adjacent parcel, adding to its overall value and potential uses. The area surrounding the business is known for its recreational attractions, including golf courses, ski resorts, Little River Casino, Tippy Dam, and numerous lakes, ensuring a consistent flow of customers. The current business operations offer substantial upside potential through various avenues, such as utilizing currently underutilized square footage, enhancing marketing efforts, expanding parking, and adding supplementary services like gas pumps, or rental equipment (tubes, canoes, bikes), or an ice cream window. This turnkey operation offers a rare blend of established profitability and significant growth opportunities in a desirable location. The asking price is $375,000, translating to $139 per square foot. This is a unique opportunity to acquire a profitable business with substantial real estate assets in a vibrant recreational area of Northern Michigan. The property is located in Manistee County, Michigan, zip code 49689.