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6449 M 65 S 4,110 SF Retail Building Lachine, MI 49753 $285,000 ($69.34/SF)
Investment Highlights
- Established restaurant and tavern operation with included Class C Liquor License.
- Extensive renovation completed in 2014.
- Corner location with frontage and visibility along M-65.
Executive Summary
6449 M-65 S presents an opportunity to acquire an operating food and beverage property in Alpena County, Michigan. Known as Pappy’s Pub, the property is positioned on a corner location along M-65, a primary north-south route serving surrounding communities and recreational destinations throughout Northern Michigan. The combination of highway exposure, established operations, and recent capital improvements creates an opportunity for an owner-user or investor seeking an existing hospitality asset with infrastructure already in place.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,110 SF
Building Class
C
Year Built/Renovated
1980/2014
Price
$285,000
Price Per SF
$69.34
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.62 AC
Zoning
CM - General Commercial
Parking
27 Spaces (6.57 Spaces per 1,000 SF Leased)
Frontage
200’ on Pappy's Pub
Amenities
- Restaurant
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 023-020-000-279-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $90,600 |
Property Taxes
Parcel Number
023-020-000-279-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$90,600
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6449 M 65 S