121 & 125 Munson

Estimated Monthly Payment: $10,944/mo 121 & 125 Munson, Traverse City, MI 49686 MLS# 1868376 Hospitality Listing Status: Active
9,184 sqft
109
42
0
0

REMARKS:

Prime redevelopment opportunity. 24 room motel in an OUTSTANDING location at the base of Old Mission Peninsula and across the street from Northern Michigan College, Dennos Museum and the Civic Center. Sale includes all furnishings, fixtures and equipment. Property is ready for remodeling and higher revenues. HR Zoning allows for 4 stories or 45 foot building height. Uses include Condo's, apartments, short term rentals, retail and more. Sale includes motel property plus additional .81 acres of vacant land. Access from Munson and E. Front across from NMC.

OVERVIEW:

Hospitality
Active
Traverse City
Frame
Slab
1984
9184
Asphalt
Hot Water
Natural Gas, Electric
Municipal Water
Municipal
1.39
irregular
None

FEATURES:

Wood, Brick

FINANCIAL:

$2,400,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Keller Williams-Greater GT - 

 

 

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