$1,025,000
$1,100,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
19,050 SqFt
SOLD DATE : 10/27/2023
Key Details
Sold Price $1,025,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 19,050 sqft
Price per Sqft $53
Subdivision Mason Dr
MLS Listing ID 79080005981
Sold Date 10/27/23
Originating Board Central Michigan Association of REALTORS®
Year Built 1989
Annual Tax Amount $17,899
Lot Size 4.000 Acres
Acres 4.0
Lot Dimensions 518'x441'x289'x 440'
Property Description
Great investment opportunity! This independent motel is located in Newaygo, MI and includes 4 acres, 2 motel buildings and 1 single wide trailer. The main building was built in 1989 which has 15 rooms on the upper floor and 12 rooms on the main floor plus a 3 bedroom, 1 bath apartment next to the front lobby that includes a full kitchen and living room. The second smaller building was built in early 1970s with 6 rooms. There are four rooms in the main motel with kitchenettes. All rooms have two queen beds. The only exception is the three handicap rooms that contain a single queen size bed, larger living area and bathroom. All rooms include a mini fridge and microwave. There is a one stall garage, two storage sheds and on-site laundry for motel use only. Well water and septic for each building provide cost savings that help make this an efficient property to manage.
Location
State MI
County Newaygo
Area Garfield Twp
Zoning Commercial
Interior
Heating Forced Air, Hot Water
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Aluminum,Block/Concrete/Masonry
Schools
School District Newaygo
Others
Tax ID 1836200045
Ownership Corporate/Relocation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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