28080 Waltz Rd - Restaurant FOR SALE


New Boston, MI 48164
$595,000 USD
248-787-3718
28080 Waltz Rd, New Boston, MI for Sale
$595,000 USD
Restaurant - FOR SALE
1/54
null | Request Cap Rate

28080 Waltz Rd
New Boston, MI 48164


OVERVIEW

THE WALTZ INN RESTAURANT AND BAR IS READY FOR A NEW OWNER! This wonderful restaurant and bar has been closed for the last few years, but is fully intact with a carryout license and all the inventory. Plus as a bonus, there are 2 rental units upstairs that generate income as well. All appliances in the rentals are also included in the sale. Value Added Bonus: The roof was brand new in July of 2024. This restaurant has a fantastic history and a solid reputation as a meeting place for family and friends. The restaurant was open for ~36 years and the tavern was opened in the early 1900's and the seating capacity is 82. Help to rekindle this classic establishment with your own flair and vision. Land contract may be an option, with $250K down at 7% interest, $3,000 per month, 30 year amortization with a 5 year balloon. The liquor license is sold separately for $80K. The last full year in business generated ~$570,000 in sales when being open only 5 days a week. Their best year generated ~$800,000 in sales when being open 7 days a week.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B1 LOCA

APN/PARCEL ID

75-127-01-0276-000

ASK ABOUT THIS PROPERTY

Keith ReynoldsKW Commercial Real EstateMore Info
248-787-3718

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Keith ReynoldsKW Commercial Real EstateMore Info
248-787-3718

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