4501 Fort StTrenton, MI 48183

Property Details for 4501 Fort St

Year built

1989

Lot size

1.92 AC

Property size (Sq ft)

9,067 SF

Zone code

RM-1

Property type

Turn key restaurants

APN

54 024 99 0004 002

APU

54024990004002

Description

This exceptional turnkey restaurant opportunity presents a rare chance to acquire a well-established, tastefully decorated dining establishment in a prime Trenton, Michigan location. The former Fratello's Restaurant boasts 9,067 square feet of space, situated on a 1.92-acre lot at the highly visible corner of Fort Street and Van Horn Road, enjoying over 400 feet of frontage on Fort Street. This high-traffic area sees over 35,000 vehicles per day, ensuring excellent visibility and accessibility. The property includes ample parking with 128 spaces, catering to both staff and patrons. Built in 1989, the building features attractive dining rooms, an expansive bar area, and a cozy fireplace room, all ready for immediate use. The sale includes all existing furniture, fixtures, and equipment (FFE), along with the valuable liquor license, streamlining the transition for a new owner. The property's proximity to Downtown Trenton and the bustling West & Allen retail district further enhances its appeal. The asking price is $1,850,000, with annual property taxes totaling $31,714. This is a unique chance to acquire a fully operational restaurant with significant potential for continued success in a thriving commercial area. The APN is 54-024-99-0004-002.

• CAP approach

  CAP return

  Valuation

  6%

  $2,397,794

  6.5%

  $2,213,348

  7%

  $2,055,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,137,280

  Geo Method

  $2,137,280

• Alternative Use

  Use

  Valuation

  Residential

  $1,867,042

  Hospitality

  $1,710,201

  Educational

  $1,422,867

  Medical

  $1,471,802

  Retail

  $2,213,348

Location Insight

City

Trenton

County

Wayne

State

Michigan

Latitude

42.126

Longitude

-83.2015

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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