Listed by Keller Williams Realty lansing-East
$339,000
Thirsty Bird - Charlotte MI
Details
APN 200-000-031-030-00
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 1,848
Cap Rate 22.44%
NOI $76,284
Occupancy 100%
Tenancy Single
Price per SqFt $183
Broker Co-Op Yes
Class B
Year Built 1900
Year Renovated 2020
Acreage 0.060
Zoning Commercial
Investment Type Stabilized
Bar Restaurant | 22.44% CAP | 1,848 SqFt
Marketing description
Turnkey restaurant/bar boasting a 22.44% cap rate in the heart of downtown Charlotte. Situated in a beautifully restored historic building featuring original ceilings and exposed brick, the property offers both indoor and patio seating, a full-service bar, and a strong, loyal local customer base. The purchase includes a Class C liquor license and all FF&E, allowing for a seamless transition of ownership.
An ideal opportunity for an owner-operator or community-focused investor seeking strong cash flow in a high-visibility, walkable downtown location.
Listing Contacts
Listed by Keller Williams Realty lansing-East
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,284.00
$6,357.00/mo
Valuation Metrics
0
DSCR
22.5%
Cap Rate
22.5%
ROI
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