3023 US Highway 23 S Active Save Request In-Person Tour Request Virtual Tour
Alpena,MI 49707
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,250 sqft
Price per Sqft $119
MLS Listing ID 25001774
Full Baths 2
Year Built 1950
Annual Tax Amount $2,300
Tax Year 2024
Lot Size 0.720 Acres
Property Sub-Type Retail
Property Description
Nostalgic Diner presents a unique opportunity for entrepreneurs looking to revitalize a classic 1950s eatery, benefiting from its prime location, ample parking, and strong previous patronage. While currently non-operational due to personal circumstances, the diner boasts a solid reputation and significant exposure from heavy traffic on a major thoroughfare. With some tender loving care and the right business strategy, this diner has the potential to not only regain its former glory but also deliver an attractive CAP rate, making it a promising venture for new startups or established restaurant expansions.
Location
State MI
County Alpena
Area Outside Michric Area - Z
Interior
Heating Forced Air
Inclusions Real Estate, Furniture, Equipment
Exterior
Utilities Available Natural Gas Available,Natural Gas Connected,Electricity Connected,Cable Connected,Sewer Available
View Y/N No
Building
Sewer Public Sewer
Water Well,Public
New Construction No
Schools
School District Alpena
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash