11191 Telegraph Rd Erie, MI 48133
For Sale
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This thriving Mexican restaurant in Erie, MI, presents a unique turnkey business opportunity. Located at 11191 Telegraph, the property boasts a spacious 5,076 square foot building situated on a generous 5.67-acre lot. The restaurant enjoys a long-standing reputation and a loyal customer base, built over years of successful operation. The sale price of $895,000 includes all equipment and fixtures, making this a seamless transition for a new owner. The property's significant size offers considerable potential for expansion or diversification. Two outdoor patios provide additional seating areas, overlooking private and tranquil settings. All necessary licenses and permits are included in the sale, ensuring a smooth and immediate start to operations. This is an exceptional opportunity to acquire a profitable, established business with significant growth potential in a desirable location. The substantial acreage offers ample room for future development, making this a truly versatile investment. Don't miss this chance to own a well-regarded restaurant with a proven track record and significant upside.
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La Fiesta Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.