7221, Croton Hardy, Newaygo, MI, 49337
- 2 baths
Basics
- Date added: Added 2 months ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 2
- Lot size: 2.63 sq ft
- Year built: 1986
- Subdivision Name: River Forest
- Bathrooms Full: 2
- Lot Size Acres: 2.63 acres
- Business Type: Restaurant
- County: Newaygo
- MLS ID: 25000151
Description
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Description:
Nestled in the heart of Croton and Hardy Dam, The Red Anchor stands as a well-established restaurant and bar that has earned its place as a community favorite. This is not just a business—it's a legacy waiting to expand and grow into something extraordinary.
Boasting a full liquor license and a spacious banquet room, The Red Anchor offers a versatile space perfect for private events, gatherings, and celebrations. Step outside to the patio area, where guests can enjoy drinks and dinner while soaking in the serene atmosphere.
Currently operating just five hours a day, five days a week, serving only dinner, there is tremendous untapped potential to expand. By increasing business hours, adding lunch and breakfast offerings, or extending the number of days open, you could see a dra matic surge in growth. The demand is already there... it's simply waiting for the right owner to harness it.
Beyond the restaurant itself, this property includes additional lots behind the main building, offering a unique opportunity for residential development. These lots are perfectly suited for creating homes, rental properties, or vacation getaways, further leveraging the appeal of this high-demand area. Adding to its allure, the property also has walking water access to Croton Pond, as confirmed by the township supervisor, making it an even more attractive investment.
Whether you're a seasoned restaurateur or an aspiring entrepreneur, The Red Anchor offers a rare opportunity to own a thriving business with endless possibilities. Don't miss out on the chance to make this iconic location your own and unlock its full potential.
Contact us today to learn more and schedule your private tour of The Red Anchor-where community, opportunity, and growth converge.
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Location
- Directions: US 131 North, Jefferson Road Exit, Go west on Jefferson Road, Turns into Hardy Drive, Turns into Croton-Hardy Drive, go through all the turns and building will be on the North Side of the Road.
Building Details
- Building Area Total: 2907 sq ft
- Number Of Units Total: 1
- Construction Materials: Vinyl Siding
- Sewer: Septic Tank
- Heating: Forced Air
- StoriesTotal: 1
- Roof: Metal
- Number Of Buildings: 1
Amenities & Features
- Inclusions: Licenses, Furniture
- Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- Waterfront Features: River
- WaterSource: Well, Public
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $131,266
- Tax Year: 2023
- Tax Annual Amount: $6,172
School Information
- High School District: Newaygo
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Kind St. and Dock St.
- Listing Terms: Conventional, Cash