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5757 GENESEE Avenue Otter Lake, MI 48464
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Key Details
Sold Price $250,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,376 sqft
Price per Sqft $181
Subdivision Mi
MLS Listing ID 60150347
Sold Date 08/30/23
Annual Tax Amount $673
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 100.00 x 100.00
Property Description
The liquor license is transferrable anywhere in Lapeer County, so you can buy the whole store and move the license if you need to. This amazing little liquor store that is located in the heart of Otter Lake is ready for an owner operator to get in here and keep the operation going. The store itself is very profitable, and has the potential to increase the profits by adding more vapes, and also by increasing the inventory. The store is very cash flow positive and makes money consistently every single year its been open. The current owner works about 33 hours per week. The price of the license and the cost of the building are worth at least the listing price! Please do not approach employees or speak to anyone there.
Location
State MI
County Lapeer
Area Otter Lake (44030)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Waterfront No
Building
Foundation Slab
Water Private Well
Structure Type Log
Others
Ownership Private
Assessment Amount $110
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with New Michigan Realty, LLC
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