Hotels /MI /Wayne County /Detroit /20500 James Couzens Fwy
Hotels /MI /Wayne County /Detroit /20500 James Couzens Fwy

20500 James Couzens Fwy - Hospitality FOR SALE


Detroit, MI 48235- Pembroke | 
$3,700,000 USD
586-999-9286
20500 James Couzens Fwy, Detroit, MI for Sale
$3,700,000 USD
Hospitality - FOR SALE
1/5
null | 8.82% Cap Rate
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20500 James Couzens Fwy
Detroit, MI 48235
Pembroke

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HIGHLIGHTS

  • ?Public Safety Partnership: Strategic affiliation with Project Green Light (PGL)
  • ?Rare Use permitted in a B4 Zoning (Business District)
  • ?Generational Real Estate with Frontage and Exposure to Incredibly High Traffic Counts.

OVERVIEW

Unprecedented opportunity to acquire an Independently operated, cash-flowing motel (101 Rooms) situated on PRIME Real Estate located in Detroit, Michigan. This property is an ideal acquisition for an owner-operator / or Redevelopment play. $406M Redevelopment adjacent to property.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$108 USD /SF

# OF ROOMS

101

PRICE/ROOM

$36,634 {currency}

CAP RATE

8.82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cranbrook Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B4

APN/PARCEL ID

22-01941-231

ASK ABOUT THIS PROPERTY

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

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Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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