Love it or List It Real Estate Solutions
Listed by Love it or List It Real Estate Solutions
$7,999,999
Ubly Dragway
Details
APN 0102701100
Property Type Business for Sale, Land
Sub Type Business and Building, Hunting/Recreational
Square Footage 3,712
Cap Rate 1.88%
NOI $150,000
Occupancy 100%
Price per SqFt $2,155
Broker Co-Op Yes
Class A
Year Built 1962
Buildings 6
Acreage 74.260
Zoning Agricultural /commercial
Investment Type Owner/User
Ownership Private
Business for Sale | 1.88% CAP | 3,712 SqFt
Marketing description
Have you been looking for a fun, safe dragway in the Ubly, MI area? If so, you've come to the right place. The Ubly Dragway is a veteran-owned drag strip that's been open for over 55 years. We follow International Hot Rod Association (IHRA) regulations to ensure that everyone stays safe and that no one races unless the track conditions are right for it!
Great for Redevelopment Opprotunities and additional land for greater uses.
Listing Contacts
Love it or List It Real Estate Solutions
Listed by Love it or List It Real Estate Solutions
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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
1.88%
Cap Rate
1.88%
ROI
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