5006 S Wayne Rd, Wayne, MI 48184
For Sale
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This exceptional opportunity presents the chance to acquire a well-established Coney Island restaurant located at 5006 S Wayne Road in Wayne, Michigan. The property boasts a substantial 2,500 square feet of space situated on a 0.11-acre lot. This turnkey operation is being offered for sale due to the owner's retirement. The sale includes the real estate and the entire business, representing a unique chance to step into a ready-made, profitable venture. All existing equipment and furnishings are included in the sale price of $224,900, eliminating the need for significant upfront investment in new infrastructure. The restaurant has cultivated a loyal customer base over many years, providing a solid foundation for continued success. Financial records are available upon request, offering potential buyers a comprehensive understanding of the business's performance and profitability. This is a rare opportunity to acquire a thriving business with a proven track record in a desirable location. The property's prime location ensures high visibility and accessibility, contributing to its consistent success. Don't miss this chance to own a piece of Wayne's culinary history and build upon its established legacy.
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
Similar Nearby for Lease
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.
