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Listed by KIMBERLY LINGO • TARGET REAL ESTATE COMPANY
$579,000
Est. payment /mo
5,952 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 5,952 sqft
Price per Sqft $97
Subdivision Mi
MLS Listing ID 1930636
Year Built 1977
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 132X152
Property Sub-Type Hospitality
Property Description
Turn key business opportunity situated in the heart of East Tawas! Bambi Motel offers 13 recently renovated motel style rooms whose cleanliness and retro style have been impressing guests for decades. Prime location in the commercial waterfront district near all the action that the Tawases are famous for, including festivals, craft shows, public sandy beaches, downtown shopping, restaurants and more! Each unit has been custom crafted with its own fresh and unique style. Updates include all new flooring, new mattresses, new complete bedding sets, new coffee makers, microwaves, refrigerators and tv's, new Smart Boiler system in the main motel, new toilets, new grills, new bikes for guest use and more. The WiFi network, security system, company website and booking software are up to date as well! Many upcoming weekends are already reserved with tons of opportunity for additional revenue by staying open year round! This package also includes a vacant 2 bedroom 2 bath owners home with a basement. It is attached to the office space and storage garage. AND an additional two bedroom home that is currently leased to a long term tenant. It also offers a one car garage. Guests love having private access to Tawas Bay down a path to the waters edge. Sale includes an aluminum, roll-in dock that could be permitted to allow boats to moor there. There is endless potential to enhance what has consistently brought the same families and groups year after year. Experienced property manager would consider continuing assisting next owner for ease of transfer. Your slice of paradise awaits!
Location
State MI
County Iosco
Zoning Commercial
Body of Water Lake Huron
Rooms
Basement Crawl Space, Slab
Interior
Heating Hot Water
Cooling Hot Water
Exterior
Exterior Feature Vinyl, Aluminum
Roof Type Asphalt
Present Use Recreational/Resort
Road Frontage Public Maintained, Blacktop
Building
Sewer Municipal
Water Municipal Water
Others
Tax ID 121-O20-000-008-00/021-10
Ownership Private Owner
Acceptable Financing Conventional Mortgage, Cash
Listing Terms Conventional Mortgage, Cash
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