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About the Listing 101671 - RC319906
According to the title company's chain-of-title records, only four families have owned this property and operated the motel business over the past 75 years. Each owner retained the property and business for many years until retirement, reflecting its enduring value and long-term income stability. This well-established investment opportunity deserves your serious consideration. The offering includes a profitable and well-maintained 12-unit motel situated on 5.01 acres (240' x 910'), along with a two-story, 2,500-square-foot owner's home, garage, shed, and large fenced backyard, providing a private and comfortable lifestyle for the owner's family. The property offers 240 feet of frontage on busy Telegraph Road, just south of Sibley Road. Numerous updates and improvements have been completed in recent years. It is conveniently located a short distance from three major highways and Metro Airport. The area is experiencing rapid development, including nearby CVS, a credit union, residential developments, and other commercial projects. The property may continue to operate successfully as a motel while also offering significant commercial development potential on two additional parcels included within the 5.01 acres. These include 2.95 acres of vacant land located behind the motel and an additional approximately 0.5-acre parcel situated along Telegraph Road in front of the motel. Alternatively, the entire 5.01-acre property may be redeveloped. Financial information is available to qualified buyers upon request.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
61002377
Year Built
19
Total Square Footage
6,296
Lot/Acreage
5.01
County
Wayne
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 6296
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 240 x 910
- Zoning: Commercial,Industrial
- Roof: Asphalt,Composite
- Others:
- Sewer:
Financial Details
- Tax Amount: $17,042
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
19622 Telegraph Romulus, MI 48174
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