The Holly Hotel | 110 Battle Aly
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The Holly Hotel 110 Battle Aly
9,575 SF Retail Building Holly, MI 48442 $899,000 ($93.89/SF)
INVESTMENT HIGHLIGHTS
- 12 private parking spaces with free public parking across the street and throughout Holly.
- All fire/smoke/water damage has been remediated. Walls are stripped to studs, floors exposed.
- The exterior western wall will be restored prior to the conclusion of any sale.
- The western exterior wall has been damaged by a tragic fire originating next door, but the building has been certified as structurally sound.
- All salvaged antiques, FFE, trademarks, mailing lists, website, and class C liquor license are included in the asking price.
- Asking price is $899,000.00, more info at www.hollyhotel.com.
EXECUTIVE SUMMARY
The premier destination restaurant, The Holly Hotel, was damaged by a neighboring fire in 2022. It is now remediated and ready for renovations. A new owner has the opportunity to re-create this one of a kind property and open it for a waiting, and established clientele.
All antiques that were saved are stored and will transfer along with FFE and liquor license. Owners have been running this gem since the 1970's and have decided this is the time to sell. The Holly Hotel will remain on the National Register of Historic Places and is eligible for numerous historic grants, MEDC funding, State of Michigan Historic Commission funding/tax incentives, Oakland County Historic Downtown funding, and low interest financing. Seller has already explored the above and will work with a new buyer in pursuing these options.
All antiques that were saved are stored and will transfer along with FFE and liquor license. Owners have been running this gem since the 1970's and have decided this is the time to sell. The Holly Hotel will remain on the National Register of Historic Places and is eligible for numerous historic grants, MEDC funding, State of Michigan Historic Commission funding/tax incentives, Oakland County Historic Downtown funding, and low interest financing. Seller has already explored the above and will work with a new buyer in pursuing these options.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
9,575 SF
Building Class
C
Year Built/Renovated
1891/1979
Price
$899,000
Price Per SF
$93.89
Tenancy
Single
Building Height
3 Stories
Building FAR
0.92
Lot Size
0.24 AC
Zoning
C2 - C2 zoning allows for a variety of commercial uses like retail stores, restaurants, offices, and hotels.
Parking
12 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
156’ on Battle Alley
PROPERTY TAXES
| Parcel Number | 01-34-304-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $226,580 |
PROPERTY TAXES
Parcel Number
01-34-304-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$226,580
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The Holly Hotel | 110 Battle Aly
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