Labelle Properties

Retail-Commercial for Sale
Catylist Listing ID: 30284019
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 6,322 SF
Gross Land Area: 1.96 Acres
Sale Price: $499,000
Unit Price: $78.93 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Labelle
Usable Size (USF): 6,322 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2018

Overview / Comments

Former Ponderosa Steak House with seating capacity of 218 situated on 1.96 Acres. All FF & E are in place and for sale. Owner would consider a lease at $4500.00 per month NNN.

Additional Details

Nearest MSA: Saginaw
County: Saginaw
Tax ID/APN: 23124101012000
Zoning: B-4
Retail Clientele: General, Family, Business
Property Located Between: McCarty Road and Christy Way
Property Visibility: Excellent
Largest Nearby Street: Bay Road - M-84
Feet of Frontage: 150
Traffic/Vehicle Count: 40,000
Highway Access: M-84/I-675
Airports: MBS
Site Description: Improved 6322 sq ft restaurant with room to expand.
Area Description: Very stable Retail and business growth
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,322 SF
Property Condition: Excellent
Year Built: 1972
Year Renovated: 2011
Roof Type: Hip
Construction/Siding: Aluminum Siding
Exterior Description: well maintained Block and vinyl exterior
Parking Type: Surface
Parking Description: Asphalt with room to expand
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, T1/T3
Interior Description: FF & E in place and available, ready to open.
Zoning Description: B-4 General Commercial with special use for restaurant.
Lot Frontage: 150
Lot Depth: 420 L shaped
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Partnership
Legal Description: See Broker

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,796 66,567 113,792
Median Age: 38.74 39.04 37.51
Households: 3,449 27,485 45,661
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