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$179,900

Downtown Bay City's Next Redevelopment Opportunity! Now offered as an individual building, this nearly 8,200 square foot commercial property presents an exciting opportunity to own a piece of Downtown Bay City. Previously marketed as part of a larger redevelopment, this new offering provides investors and entrepreneurs with a more manageable project, reducing the overall scope of work while creating a more attainable investment. A rare Class C Liquor License is available for purchase with this building, creating an outstanding opportunity for a restaurant, brewery, cocktail lounge, or other hospitality concept in one of Downtown Bay City's most visible locations. 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 an open layout, with a dividing wall already in place that offers the potential for multiple commercial spaces or tenants. The second floor was formerly a spacious apartment and still retains much of its original layout, providing an excellent opportunity to restore it into a large residential unit, executive housing, or an income-producing rental while maintaining commercial space below. Whether your vision includes retail, office space, mixed-use development, dining, entertainment, or residential income, this property offers exceptional flexibility and endless potential in the heart of Downtown Bay City.

50215912 MLS

702 Washington Avenue 702 Washington Ave South Building, Bay City

$189,000

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.

50215905 MLS

706 Washington Avenue 706/702 Washington Ave North Building, Bay City