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$ 110,000
Est. payment | /mo
16,437 SqFt
$ 110,000
Est. payment | /mo
16,437 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 16,437 sqft
Price per Sqft $6
MLS Listing ID 60922768
Lot Dimensions 274x252
Property Sub-Type Commercial/Industrial
Property Description
Business Opportunity – Pho Hang Restaurant (Business Only Sale) Rare opportunity to acquire a well-established Chinese and Vietnamese restaurant at the high-traffic corner of 13 Mile and Dequindre in Madison Heights. Situated in a busy retail plaza with excellent visibility and ample parking, this long-standing business offers immediate income and expansion potential. The restaurant spans approximately 2,000 square feet and features two dining areas with current seating for around 50 guests, including one dining room that remains unused and could be built out to increase capacity. The layout includes two restrooms and a fully equipped commercial kitchen with walk-in cooler, ample dry storage, prep space, and dishwashing area. Sale includes all major kitchen equipment such as a double wok station with overhead hood and fire suppression system, 4-burner gas range with oven, flat-top griddle, single deep fryer, 3-compartment sink with sprayer, additional prep sink, walk-in cooler, two chest freezers, meat slicer, commercial scale, stainless prep tables, dry storage racks, and assorted smallwares, cookware, and countertop appliances. Gross revenue has averaged approximately $175,000 annually over the past four years. Ideal for an owner-operator or investor seeking to increase revenue by adding credit card processing, integrating third-party delivery services such as Uber Eats and DoorDash, and launching digital marketing. Pho Hang has strong Google reviews and a loyal customer base. No liquor license. Current lease to be transferred to the new owner. Sale includes all furniture, fixtures, and equipment. Business-only sale. Real estate not included. Financials will be provided only with an accepted offer - no exceptions. Do not approach employees or disturb operations. Showings by appointment only. BATVAI.
Location
State MI
County Oakland
Area Madison Heights (63252)
Zoning Mixed Use,Commercial
Interior
Heating Forced Air
Building
Water Public Water
Structure Type Brick
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main
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