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: 2/20/2018

Overview / Comments

-Bongo’s is a long-established and operational Latino Nightclub.
-Bongo’s is situated on 1.7 acres. It is located on the very visible corner of North Perry and Pontiac Road in North Pontiac.
-Adjacent to it is the federal IRS building and the Michigan Secretary of State.
-Just ¼ mile to the east is Auburn Hills and the many high-tech research buildings associated 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, property and FF&E price: $799,000
-FF&E includes MLCC Licenses; Class C liquor License; SDM (carry out license); OD (outdoor service); Dance and Entertainment license; and SS (Sunday Sales). FF&E also includes recently added LED lights, both indoors and to it’s large parking area. Also included is a high quality sound & dance floor light system, completely furnished and enclosed outdoor deck area, new tabletops, ample barstools and several reach-in coolers. There are numerous flat screen TV’s (some are the new 4K ) and projectors. A new furnace was installed 11/2017 (2 furnaces total).

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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