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$799,000
Est. payment /mo
6,296 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,296 sqft
Price per Sqft $126
MLS Listing ID 20261043296
Year Built 1950
Annual Tax Amount $17,042
Lot Size 5.010 Acres
Acres 5.01
Lot Dimensions 240 x 910
Source Realcomp
Property 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.
Location
State MI
County Wayne
Zoning Commercial,Light Industri
Direction S of Sibley Rd, W of Telegraph Rd
Interior
Heating Baseboard, Hot Water
Exterior
View Y/N No
Roof Type Composition
Building
Foundation Slab
Water Public
Structure Type Aluminum Siding,Wood Siding,Brick
Schools
School District Taylor
Others
Tax ID 70023990007701
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Listed by Hartford Real Estate of Michigan
NEARBY SCHOOLS & PROPERTIES
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