The Red Anchor | 7221 S Croton Hardy Dr
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The Red Anchor 7221 S Croton Hardy Dr
2,907 SF 100% Leased Retail Building Newaygo, MI 49337 $695,000 ($239/SF)
Executive Summary
Nestled in the heart of Croton and Hardy Dam, The Red Anchor stands as a well-established restaurant and bar that has earned its place as a community favorite. This is not just a business—it's a legacy waiting to expand and grow into something extraordinary. Boasting a full liquor license and a spacious banquet room, The Red Anchor offers a versatile space perfect for private events, gatherings, and celebrations. Step outside to the patio area, where guests can enjoy drinks and dinner while soaking in the serene atmosphere. Currently operating just five hours a day, five days a week, serving only dinner, there is tremendous untapped potential to expand. By increasing business hours, adding lunch and breakfast offerings, or extending the number of days open, you could see a dra
matic surge in growth. The demand is already there... it's simply waiting for the right owner to harness it.
Beyond the restaurant itself, this property includes additional lots behind the main building, offering a unique opportunity for residential development. These lots are perfectly suited for creating homes, rental properties, or vacation getaways, further leveraging the appeal of this high-demand area. Adding to its allure, the property also has walking water access to Croton Pond, as confirmed by the township supervisor, making it an even more attractive investment.
Whether you're a seasoned restaurateur or an aspiring entrepreneur, The Red Anchor offers a rare opportunity to own a thriving business with endless possibilities. Don't miss out on the chance to make this iconic location your own and unlock its full potential.
Call today to learn more and schedule your private tour of The Red Anchor-where community, opportunity, and growth converge.
Call Donald Dowland with any questions and/or interest.
matic surge in growth. The demand is already there... it's simply waiting for the right owner to harness it.
Beyond the restaurant itself, this property includes additional lots behind the main building, offering a unique opportunity for residential development. These lots are perfectly suited for creating homes, rental properties, or vacation getaways, further leveraging the appeal of this high-demand area. Adding to its allure, the property also has walking water access to Croton Pond, as confirmed by the township supervisor, making it an even more attractive investment.
Whether you're a seasoned restaurateur or an aspiring entrepreneur, The Red Anchor offers a rare opportunity to own a thriving business with endless possibilities. Don't miss out on the chance to make this iconic location your own and unlock its full potential.
Call today to learn more and schedule your private tour of The Red Anchor-where community, opportunity, and growth converge.
Call Donald Dowland with any questions and/or interest.
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,907 SF
Year Built
1986
Price
$695,000
Price Per SF
$239
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
2.60 AC
Zoning
201/R-1
Amenities
- Air Conditioning
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The Red Anchor | 7221 S Croton Hardy Dr
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