3898 State Street RdBay City, MI 48706

Property Details for 3898 State Street Rd

Year built

1999

Lot size

1.51 AC

Property size (Sq ft)

4,856 SF

Zone code

C-2

Property type

Turn key restaurants

APN

010-008-400-070-00

APU

1000840007000

Description

This exceptional 4,856 square foot restaurant located at 3898 State Street Road in Bay City, Michigan, presents a unique redevelopment opportunity for owner-users. Situated on a 1.51-acre lot, this single-story building, constructed in 1999 and renovated in 2013, offers significant potential. The property boasts a prime location near heavy retail activity, ensuring high visibility and foot traffic. A key advantage is the existing liquor license, a valuable asset for any restaurant operation. Furthermore, the property has already received approval for a drive-thru, adding significant convenience and potential for increased revenue streams. Ample space for outdoor seating is also available, enhancing the dining experience and expanding capacity. The asking price for this turnkey restaurant is $1,250,000. This is an ideal investment for an experienced restaurateur seeking to establish or expand their business in a thriving Bay City market. The property's existing infrastructure and approved improvements significantly reduce the time and cost associated with starting a new restaurant. Don't miss this chance to acquire a well-positioned, established restaurant with significant upside potential. The property is zoned for restaurant use and is located in Bay County, Michigan, zip code 48706.

• CAP approach

  CAP return

  Valuation

  6%

  $1,221,994

  6.5%

  $1,127,995

  7%

  $1,047,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,144,660

  Geo Method

  $1,144,660

• Alternative Use

  Use

  Valuation

  Residential

  $951,506

  Hospitality

  $871,574

  Educational

  $725,140

  Medical

  $750,078

  Retail

  $1,127,995

Location Insight

City

Bay City

County

Bay

State

Michigan

Latitude

43.6263

Longitude

-83.8946

CBSA code

13020

CBSA name

BAY CITY, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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