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$ 189,000
Est. payment /mo
New
706 Washington Avenue Bay City, MI 48708
7,660 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 7,660 sqft
Price per Sqft $24
Subdivision Mi
MLS Listing ID 50215905
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 38 x 112
Property Sub-Type Commercial/Industrial
Property Description
A New Opportunity to Own a Piece of Downtown Bay City! Now offered as an individual building, this nearly 8,000 square foot commercial property presents an exciting redevelopment opportunity in the heart of downtown Bay City. Previously marketed as part of a larger 16,000 square foot redevelopment, this new offering provides investors and entrepreneurs with a more manageable project, reducing renovation costs, carrying costs, and the overall scope of work while allowing income-producing opportunities to be realized sooner. One of the property's most valuable features is the opportunity to purchase a Class C Liquor License with the building. Liquor licenses in this area are extremely limited, and the combination of a transferable license with a highly visible downtown location creates an outstanding opportunity for a restaurant, brewery, cocktail lounge, entertainment venue, or other hospitality concept. If the buildings are sold separately, the liquor license will be available on a first-come, first-served basis. The main floor features soaring ceilings and nearly 4,000 square feet of open commercial space ready to be transformed to fit your vision. A dividing wall currently separates the first floor into two distinct areas, creating the potential for multiple business concepts or tenants within the same building. Upstairs, you'll find an impressive open ballroom filled with character and endless possibilities. Restore it as an event venue, convert it into office space, create unique residential lofts, expand your commercial footprint, or design something entirely your own. The seller has already completed the extensive interior demolition, creating a true blank canvas ready for redevelopment. Whether your vision includes retail, office space, dining, entertainment, mixed-use development, or something entirely unique, this property offers exceptional flexibility, outstanding visibility, and unlimited potential in one of Downtown Bay City's most recognizable locations.
Location
State MI
County Bay
Area Bay City (09016)
Exterior
Parking Features Off Street, Parking Lot
Roof Type Flat,Rubber
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership LLC
SqFt Source Measured
Energy Description Natural Gas
Financing Cash,Commercial Loan,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices, Bay City