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Description

Exciting opportunity to purchase established and popular turn key business (Hot Pot Chen Restaurant) on W Stadium Blvd -Ann Arbor. High traffic location for dine in/carry out. Equipment, furnishings (booths, chairs, tables, server stations, full working bar), fixtures, all tableware and dcor, signage, business LLC and liquor license included in sale of business. The restaurant owner leases the space. The building is not for sale. The lease will be assigned per the existing lease agreement w/ property owner approval. If you purchase this restaurant business, you would purchase all rights to the restaurant from current restaurant owner and then be obligated to abide by lease agreement including a security deposit, monthly rent, liability insurance, paying taxes, utilities & services, exterior/interior maintenance and repairs. The building is approx 5042sf plus an additional 400 sq ft paved patio for outside seating. Plenty of parking spaces behind building. The lease ends 7-1-2028.

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© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Robert E Smith Realty | Hall and Hunter are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-19T23:56:04.13.
www.robertesmithrealty.com/homes/117537984
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2255 W Stadium Boulevard Ann Arbor, MI 48103

  • Price: $232,900
  • Status: Active
  • Updated: 23 min ago
  • ID#: 2210036666
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,042
SQFT
$46
$/SQFT
1973
Built
Neighborhood:
Melodale Sub
County:
Washtenaw
Area:
Ann Arbor
School District:
ANN ARBOR
Property Description
Exciting opportunity to purchase established and popular turn key business (Hot Pot Chen Restaurant) on W Stadium Blvd -Ann Arbor. High traffic location for dine in/carry out. Equipment, furnishings (booths, chairs, tables, server stations, full working bar), fixtures, all tableware and dcor, signage, business LLC and liquor license included in sale of business. The restaurant owner leases the space. The building is not for sale. The lease will be assigned per the existing lease agreement w/ property owner approval. If you purchase this restaurant business, you would purchase all rights to the restaurant from current restaurant owner and then be obligated to abide by lease agreement including a security deposit, monthly rent, liability insurance, paying taxes, utilities & services, exterior/interior maintenance and repairs. The building is approx 5042sf plus an additional 400 sq ft paved patio for outside seating. Plenty of parking spaces behind building. The lease ends 7-1-2028.
Exterior Features

Architecture Level 1 Story Commercial Exterior Features Awning/Overhang(S)Outside LightingSprinkler(S) Construction Materials VinylWood Distance To Interstate 1 Foundation Details Slab Foundation Materials Poured Interstate YN Yes Lot Size Dimensions Business Only Road Frontage Feet 120 Road Frontage Type Paved Side Of Street W Waterfront YN No

Interior Features

Commercial Utilities Smoke Alarm Heating Cooling Forced Air Heating Fuel Natural Gas Room Count 0 Sq Ft Main 5042

Property Features

Apod Available YN Yes Business Licenses Liquor Business Type RetailService Commercial Type Business OpportunityCommercial Current Use Restaurant Encroachment YN No Exclusions YN Yes Gross Scheduled Income 613000.00 Inventory Included YN Yes Inventory List YN Yes Land Contract YN No Listing Financing CashTriple Net Lease Monthly Sales 50000 Net Operating Income 63000.00 Operating Expense 55000.00 Ownership Status Private OwnedShort Sale - No Percent Leased 100 Possession Negotiable Postal City Ann Arbor Protection Period 180 Restrictions YN Yes Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 26431.0000 Tax Amount Winter 7939.0000 Title Private - Owned Total Tax 34370.0000 Unparsed Address 2255 W Stadium Blvd Water Source Municipal Water Year Remodeled 1997 Zone Conform YN Yes Zoning Commercial

IDX provided courtesy of Realcomp II Ltd., via Shain Park, Realtorsã‚® and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Robert E Smith Realty | Hall and Hunter are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-09-19T23:56:04.13.
 
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Robert E Smith Realty | Hall and Hunter
442 S. Old Woodward
Birmingham MI, 48009