7221 Croton Hardy DrNewaygo, MI 49337

Property Details for 7221 Croton Hardy Dr

Lot size

0.65 AC

Property size (Sq ft)

3,381 SF

Zone code

LOCAL ZONE

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20-08-252-012

APU

2008252012

Description

The Red Anchor, located at 7221 S Croton Hardy, Newaygo, MI, presents a unique opportunity to acquire a well-established and beloved community restaurant and bar. This turnkey business boasts a substantial 2,907 square foot building situated on a generous 2.63-acre lot. Currently operating five days a week, five hours a day, serving only dinner, the Red Anchor offers significant untapped potential for growth. The existing infrastructure includes a full liquor license, allowing for a diverse beverage menu and maximizing revenue streams. A spacious banquet room provides a versatile space ideal for hosting private events, weddings, corporate gatherings, and other celebrations, further enhancing income potential. The outdoor patio area offers a relaxing atmosphere for patrons to enjoy their meals and drinks. The property's prime location in the heart of Croton and Hardy Dam ensures high visibility and convenient access for customers. This is an exceptional opportunity for an experienced restaurateur or a first-time business owner looking to establish themselves in a thriving community. The current operational hours and menu offer a clear path to expansion, with opportunities to increase revenue by extending hours, adding lunch and breakfast service, or increasing the number of days open per week. The sale price is $695,000.

Location Insight

City

Newaygo

County

Newaygo

State

Michigan

Latitude

43.4502

Longitude

-85.6478

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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