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- LoopNet Team
770 West St
Lapeer, MI 48446
Best Western · Hospitality Property For Sale · 100,792 SF
Investment Highlights
- Estate Ordered Sale - Great potential to reduce expenses !
- Automatic Best Western Transfer --- No PIP for the Buyer !
- New Renovation of 32 Executive Suites !
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 5.57 AC | Corridor | Interior |
| Building Size | 100,792 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.57 AC |
| Building Size | 100,792 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.49/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
About 770 West St , Lapeer, MI 48446
A major renovation will be complete of 32 Executive Suites (All new furniture, carpeting, lighting, curtains and wall treatments) The property will qualify for the Best Western automatic franchise transfer program. There will b No PIP for the New Buyer ! The property also features Ted’s Sports Bar & Grill and a space available for conversion to a banquet room with an outdoor event space in the courtyard. Nearest banquet center in the area is booked a year in advance ! This can all be leased out to a third party as added revenue
PROPERTY TAXES
| Parcel Number | L21-33-307-040-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,622,000 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial (Hotel/Commercial) |
| Commercial (Hotel/Commercial) |
Learn More About Investing in Hospitality Properties
