17780 Fort StRiverview, MI 48193

Property Details for 17780 Fort St

Year built

1974

Lot size

0.84 AC

Property size (Sq ft)

4,555 SF

Zone code

B3-GEN

Property type

Turn key restaurants

APN

51 001 02 0419 003

APU

51001020419003

Description

This exceptional turnkey restaurant opportunity is located at 17780 Fort Street in Brownstown Charter Township, Michigan, within the vibrant Downriver area. Boasting 3,601 square feet of space, this vacant property is ideally situated on busy Fort Street near Pennsylvania Road, benefiting from high traffic counts and strong demographics. The property features a recently completed remodel, making it ready for immediate occupancy upon approval. The sale includes a valuable liquor license, significantly reducing the time and expense associated with establishing a new restaurant. The fully equipped kitchen includes brand new walk-in coolers and freezers, and new furniture is also included. This location is in the heart of Downriver, near one of Michigan's largest Kroger stores, and is part of a corridor experiencing significant new business growth. This represents a rare opportunity to acquire a fully operational restaurant in a prime location with minimal start-up costs. The asking price is $1,395,000. The property's zip code is 48193.

• CAP approach

  CAP return

  Valuation

  6%

  $1,204,583

  6.5%

  $1,111,923

  7%

  $1,032,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,073,708

  Geo Method

  $1,073,708

• Alternative Use

  Use

  Valuation

  Residential

  $937,948

  Hospitality

  $859,156

  Educational

  $714,807

  Medical

  $739,391

  Retail

  $1,111,923

Location Insight

City

Riverview

County

Wayne

State

Michigan

Latitude

42.1786

Longitude

-83.1901

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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