Retail & FF&E Available

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30169340
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 5,935 SF
Gross Building Area: See Agent
Gross Land Area: 1.71 Acres
Sale Price: $799,000
Unit Price: $134.63 PSF
Property Use Type: Business
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/29/2017

Overview / Comments

• Bongo's is a long-established and operational Latin Nightclub.
• Bongo's Nightclub is located at the corner of North Perry and Pontiac Road in north Pontiac. It is on 1.7 acres on this very visible corner.
• Adjacent to it is the federal IRS building and the Micghian Secretary of State.
• 1/4 mile to the east is Auburn Hill and the many high-tech research buildings associates with Automation Alley.
• The building and property can be sold for redevelopment. Price: $699,000.
FF&E (if desired) $100,000 (see narrative below). Building + FF&E = $799,000
• MLCC licenses: Class C Liquor License; SDM (carry out); OD (Outdoor service); Dance and Entertainment licenses; and SS (Sunday Sales). 417 seating permitted. It has recently renovated LED lights both indoor and to its large parking area. FF&E features a recently renovated/improved sound system, dance floor, furnished/enclosed outdoor deck area. Also included are new tabletops, ample barstools and several reach-in coolers, Flat screen TVs, (some are new 4K ultra flat screens) and projectors.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 14-15-426-012
Zoning: COMMERCIAL
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Total Number of Buildings: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,462 63,672 185,498
Median Age: 30.09 34.43 38.6
Households: 4,623 23,828 72,132

Contact

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