Property summary
This exceptional 4,856 square foot restaurant located at 3898 State Street Road in Bay City, Michigan, presents a unique redevelopment opportunity for owner-users. Situated on a 1.51-acre lot, this single-story building, constructed in 1999 and renovated in 2013, offers significant potential. The property boasts a prime location near heavy retail activity, ensuring high visibility and foot traffic. A key advantage is the existing liquor license, a valuable asset for any restaurant operation. Furthermore, the property has already received approval for a drive-thru, adding significant convenience and potential for increased revenue streams. Ample space for outdoor seating is also available, enhancing the dining experience and expanding capacity. The asking price for this turnkey restaurant is $1,250,000. This is an ideal investment for an experienced restaurateur seeking to establish or expand their business in a thriving Bay City market. The property's existing infrastructure and approved improvements significantly reduce the time and cost associated with starting a new restaurant. Don't miss this chance to acquire a well-positioned, established restaurant with significant upside potential. The property is zoned for restaurant use and is located in Bay County, Michigan, zip code 48706.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Bay City, MIZoning
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Zoning designation
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