Listed by Eric Stamm Team Real Estate
$650,000
Mama's Country Kitchen 884 S State St, Oscoda, MI 48750
Details
APN 021T1000000750
Property Type Business for Sale, Mixed Use
Sub Type Business and Building, Hunting/Recreational
Square Footage 4,100
Net Rentable (SqFt) 4,100
Units 1
Cap Rate 100%
NOI $1,500,000
Occupancy 100%
Tenancy Single
Price per SqFt $159
Class A
Year Built 1959
Year Renovated 2013
Buildings 2
Stories 1
Acreage 1.250
Zoning commercial
Parking Spaces 150 spaces
Parking per 1,000 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 150 and parking for 150 / 1.25 Acre Parcel With massive road frontage and sign on US 23 Downtown Oscoda. Commercial Zone For New Retail Strip Mall or Gas Station.
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
Listed by Eric Stamm Team Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,500,000.00
$125,000.00/mo
Valuation Metrics
0
DSCR
230.77%
Cap Rate
230.77%
ROI
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