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11715212
11652013

884 S State St, Oscoda, MI 48750

ES
MI 6502405665
Eric Stamm Team Real Estate
Listed by Eric Stamm Team Real Estate
$650,000
1083 days on market
Updated 106 days ago

Mama's Country Kitchen 884 S State St, Oscoda, MI 48750

Details
APN 021-T10-000-007-50
Property Type Retail
Sub Type Restaurant
Square Footage 4,100
Net Rentable (SqFt) 4,100
Units 1
Cap Rate 23.08%
NOI $150,000
Occupancy 100%
Tenancy Single
Price per SqFt $159
Class A
Year Built 1960
Year Renovated 2013
Buildings 2
Stories 1
Acreage 1.250
Zoning commercial
Parking Spaces 150 spaces
Parking Per SqFt 36.59
Investment Type Owner/User
Occupancy Date 06/19/2023
Ground Lease No
Ownership INC

Oscoda Turnkey Restaurant! Mama's Country Kitchen

Marketing description

Waterview Restaurant Opportunity / Next To Au Sable River & Lake Huron / US 23 Oscoda / Excellent Family Owned Business For Over 30 Years / Formerly A&W in 1960 / This Famous Breakfast Hot Spot Is Now For Sale / Mama’s Country Kitchen / Next To Marina, Beaches, Boat Ramp, Airport, Condo’s, Harbor, Farmer’s Market, Au Sable Shoreline Park, Hotel’s, Campgrounds, Canoe Rentals, Absolute Paradise. This Restaurant is turnkey with reputation and staff of 18 employees. Seating Capacity 120 and parking for 150 / 1.25 Acre massive road frontage and sign on US 23 Downtown Oscoda.

Investment highlights

Turnkey Operating Business

18 Employees

Owner will train for 60 paid days

Massive parking lot on 1.25 Acres

Restaurant equipment stays

Food Inventory $10,000 Extra

Busy As many Hours as you choose to stay open

local hot spot and tourist hot spot

New Roof

New on Demand Water Heater

New HVAC

New Bathrooms

Updated Electrical

Listing Contacts

ES
MI 6502405665
Eric Stamm Team Real Estate
Listed by Eric Stamm Team Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

0
DSCR
23.08%
Cap Rate
23.08%
ROI

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Additional Information

Name
Eric Stamm
License
6502405665
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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