Hartford Real Estate of Michigan
Listed by Hartford Real Estate of Michigan
$799,000
19622 Telegraph Road
Details
APN 70023990007701
Property Type Business for Sale, Hospitality
Sub Type Business and Building, Hotel
Square Footage 6,296
NOI $1
Year Built 1950
Acreage 5.010
Business for Sale | 6,296 SqFt
Marketing description
According to the title company’s chain-of-title records, only four families have owned this property and operated the motel business over the past 75 years. Each owner retained the property and business for many years until retirement, reflecting its enduring value and long-term income stability. This well-established investment opportunity deserves your serious consideration. The offering includes a profitable and well-maintained 12-unit motel situated on 5.01 acres (240’ x 910’), along with a two-story, 2,500-square-foot owner’s home, garage, shed, and large fenced backyard, providing a private and comfortable lifestyle for the owner’s family. The property offers 240 feet of frontage on busy Telegraph Road, just south of Sibley Road. Numerous updates and improvements have been completed in recent years. It is conveniently located a short distance from three major highways and Metro Airport. The area is experiencing rapid development, including nearby CVS, a credit union, residential developments, and other commercial projects. The property may continue to operate successfully as a motel while also offering significant commercial development potential on two additional parcels included within the 5.01 acres. These include 2.95 acres of vacant land located behind the motel and an additional approximately 0.5-acre parcel situated along Telegraph Road in front of the motel. Alternatively, the entire 5.01-acre property may be redeveloped. Financial information is available to qualified buyers upon request.
Listing Contacts
Hartford Real Estate of Michigan
Listed by Hartford Real Estate of Michigan
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Annual Cash Flow
$1.00
$0.08/mo
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Zoning
B-2 CommercialNeighborhood CommercialCommunity Business
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