5006 Wayne Rd Wayne, MI 48184
- Turn key restaurants
- 1,789 SF
- 0.11 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 5006 Wayne Rd
- Year built
- 1957
- Lot size
- 0.11 lot acres
- Property size
- 1,789 SF
- Property type
- Turn key restaurants
- APN
- 55 016 02 0012 301
- APU
- 55016020012301
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $135,000
- 7%
- $145,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $150,000
- Mixed-Use
- $160,000
- Hospitality
- $150,000
- Educational
- $145,000
- Residential Income
- $125,000
- Energy
- $155,000
- Income-Based Land
- $130,000
- Food Service
- $125,000
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3889
- Latitude
- 42.2712
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA