About 13450 Dix Toledo Road
Introducing a lucrative investment opportunity at HOLLYWOOD MOTEL, located at 13450 Dix Toledo Rd. Southgate, Michigan 48195. This 15-unit extended-stay motel, along with a manager's apartment, presents a chance for a high cap rate of 20.97% and a gross income of $196,000. Renovated just last year with $32,000 in upgrades, this fully licensed property boasts modern amenities including WI-FI, cable TV, and free parking. Situated in a prime location with 120 feet of frontage on a heavily trafficked road, the motel benefits from approximately 35,000 vehicles passing by daily. With an average weekly rate of $300-$325 and a strong surrounding demographic with an average household income of $84,000 within a mile radius, this property offers a solid income stream. Don't miss this chance to own a well-positioned hospitality asset in the bustling Detroit market.
Features of 13450 Dix Toledo Road
| MLS® # | 50187515 |
|---|---|
| Price | $699,000 |
| Square Footage | 3,968 |
| Acres | 0.28 |
| Year Built | 1952 |
| Type | Commercial |
| Sub-Type | Commercial/Industrial |
| Status | Active |
| Source MLS | MiRealSource |
| Originating MLS | MiRealSource |
Community Information
| Address | 13450 Dix Toledo Road |
|---|---|
| Area | Southgate |
| City | Southgate |
| County | Wayne |
| State | Michigan |
| Zip Code | 48195 |
Amenities
| Features | ADA Accessible, Cable Internet Installed, Cable TV Available, Carpet, Electric Available, Fixtures, Floor Drain, Gas Available, Living Quarters, Living Quarters Attached, Security Syetem Owned, Bath, Ceramic Floor, Lawn Sprinkler, Reception Area, Smoke/Fire Alarm |
|---|---|
| Parking | 21+ Spaces |
| Is Waterfront | No |
Interior
| Heating | Electric Heat |
|---|---|
| Cooling | Central A/C, HVAC |
Exterior
| Exterior Features | Wheelchair Access, Lawn Sprinkler |
|---|---|
| Lot Description | Utilities Underground |
| Roof | Shingles |
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Zoning | Multi-Family, Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Brookstone, Realtors LLC |
|---|