461 Munson Ave Traverse City, MI 49686

This exceptional 32,711 square foot hotel, built in 1995 and renovated in 2013, presents a rare investment opportunity in downtown Traverse City, Michigan. Located just one block from the beach at 461 Munson Ave, 49686, this two-story building sits on a 1.87-acre lot and boasts 70 guest rooms and 63 keys. The property features ample parking with 70 spaces and is zoned for commercial use (HR). Originally developed as a hotel, it later served as senior living and now awaits its next chapter. The property includes a large commercial kitchen, a spacious dining room, multiple common lounges, and an on-site commercial laundry facility. High-speed fiber optic internet is already installed. Outdoor amenities include a lovely patio and expansive grounds. The existing units are well-appointed, and there's potential to add up to seven more units within the current structure, along with additional amenities. This versatile property is ideal for conversion into apartments, condominiums, a long-term care facility, or continued operation as a hotel. Its prime location and extensive features make it an exceptional investment opportunity. The property is owned by Briar Hill Motel LLC.