123 Confidential, Detroit, MI 48203
This exceptional Class A, 3,000 square foot entertainment venue in Detroit, Michigan is available for $1,350,000. Completely renovated in 2023, this single-tenant property boasts a stylish bar, a fully equipped modern kitchen, and luxurious seating for up to 144 guests. Currently operating at 100% occupancy, it offers a truly turnkey operation with a coveted Cabaret License (D) and Liquor License (C), plus the potential for a cigar license. The building is fully equipped for a cigar lounge, adding to its versatility. All new, state-of-the-art equipment is included. Two on-site parking lots provide ample parking for patrons. Conveniently located in Detroit (bordering Ferndale and Hazel Park) with easy freeway access, this high-traffic location presents a rare investment opportunity in a thriving entertainment district. The sale includes real estate and furniture, fixtures, and equipment (FF&E). The seller will consider an asset/license sale for $500,000 with a favorable leaseback. Creative financing options are available for qualified buyers. This is a premium establishment designed for a luxurious and vibrant guest experience. The investment made significantly exceeds the asking price.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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