4880 Gratiot Rd Saginaw, MI 48638
- Commercial real estate
- 65,120 SF
- 7.00 lot acres
Current Use by Public Records
- Subway / Caterer / Sandwich Shop
Property Details for 4880 Gratiot Rd
- Year built
- 2002
- Lot size
- 7.00 lot acres
- Property size
- 65,120 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 23-12-4-28-2006-001
- APU
- 23124282006001
Description
This thriving Saginaw bar and restaurant, located at 4880 Gratiot Rd, is offered for sale at $525,000. Established in 2006, this 2,400 square foot, single-story building boasts a 100% occupancy rate as of April 3, 2023. Operating under a NNN lease, this single-unit business offers a strong net operating income (NOI) of $191,000, translating to a compelling 15% cap rate and a price per square foot of $218.75. The business is well-known in the Saginaw area for its family-friendly atmosphere, extensive menu, and diverse beverage selection. This turnkey opportunity presents a significant investment potential for an owner/user. The sale includes the business only; real estate is not included. The property is situated in Saginaw County, Michigan, zip code 48638. This is a rare chance to acquire a profitable, established business with a proven track record in a desirable location. The business is currently operating at full capacity, offering immediate returns for the new owner. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -84.0128
- Latitude
- 43.4171
- CBSA code
- 40980
- CBSA name
- SAGINAW-SAGINAW TOWNSHIP NORTH, MI METROPOLITAN STATISTICAL AREA
