"Successful Motel"   (Motel)
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Remerica-Traverse City
Phone: 231-941-8283
Fax: 231-941-8262
1455 Barlow Street
Traverse CIty, MI 49684
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Location
5200 US 31 N
Williamsburg, MI 49690
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PropBot Matching Loan Programs
Loan Program Category Rate Fees APR
AMERISAVE Owner Occupied 6.000% 0 6.000%
Carteret Mortgage Commercial 8.250% 695 8.434%
Carey Mortgage Commercial 9.990% 0 9.990%
Fat Man Capital, LLC Owner Occupied 10.000% 495 9.999%
Universal Funding Resources Commercial 10.000% 0 9.999%

Interiors
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Title Type Size Floors Available
Interior #1 Motel 3,380 sq. feet Yes

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Description

Comm. 1.15 acres of property located in Acme w/beautiful East Grand Traverse Bay views, Tart Trail adjacent property & access to the bay w/in walking distance. High traffic visibility along US-31 N. Currently 10 unit motel zoned B-1S, allowing for most commercial uses including drug store, hotel/motel, party store, professional offices, restaurant, video store, bank & multi-family dwellings. A lucrative opportunity for creative buyers wanting to develop in growing area, close to boat launch, park & casino.
Lot Size: 1.15 acres Year Built: 1961 MLS #: 1692555
Sale Status: Active Price: $279,000 Facility Size: 3,380 ft.2
Zoning: cOMM Class type: B
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