Restaurant for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30460585
Property Subtypes: Restaurant
Building Size (RSF): 6,000 SF
Gross Land Area: 0.10 Acres
Sale Price: $550,000
Unit Price: $91.67 PSF
Property Use Type: Business
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

Fantastic existing 6,600 SF restaurant space located in downtown Wayland. The owner has spared no expense regarding the buildout and finishes of the space. There are 4 new HVAC units, new water heater, fire suppression throughout the building, full kitchen and an attached walk-in cooler. The first floor seats 60 and the upstairs can accommodate up to 120 people. The property is currently a distillery and the owner has a small wine license as well as a distillery license, which will go with the sale.

Complete FF & E list available upon request.

This truly is ready for someone to "walk-in and open".

Additional Details

Nearest MSA: Holland
County: Allegan
Taxing Authority: City of Wayland
Tax ID/APN: 56-050-002-30
Zoning: CBD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Highway Access: 131
Tenancy: Single Tenant
Property Condition: Excellent
Year Built: 1900
Year Renovated: 2017
Roof Type: Flat
Parking Type: Surface
Parking Description: On Street
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,089 14,843
Median Age: 35.36 36.46
Households: 3,269 5,244
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.