361 S Adams St, Newaygo

Retail-Commercial for Sale
Catylist Listing ID: 30129084
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.90 Acres
Sale Price: $180,000
Unit Price: $120 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/15/2017

Overview / Comments

Operational restaurant for sale on M-37 in Newaygo. Great frontage and traffic counts, purchase includes all equipment and furnishings relating to the business. Possible redevelopment, neighbors include Wesco, BP, Ace Hardware, KFC, Taco Bell, and more.

Great opportunity to redevelop in high traffic area.

Additional Details

Nearest MSA: Big Rapids
County: Newaygo
Taxing Authority: City of Newaygo
Tax ID/APN: 62-18-24-463-010
Zoning: COMMERCAL
Tenancy: Single Tenant
Legal Description: PART LOTS 6 & 7 COM 110 FT N'LY ALG E LINE BLK 13 & 50 FT W'LY, PAR TO N LINE SD BLK FROM SE COR LOT 6; TH E'LY 50 FT PAR TO N LINE SD BLK, TH S'LY ALG E LN SD LOT TO SE LOT 6, TH W'LY ALG S'LY LINE OF LOTS 6 & 7 110 FT, TH N'LY PAR WITH E'LY LINE BLK 13 77 FT, NE'LY 60 FT TO POB BLK 13 BROWN'S ADDITION TO THE CITY OF NEWAYGO

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,204 3,451 8,794
Median Age: 29.52 37.2 40.41
Households: 443 1,347 3,271
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