Well-Established
For Sale
$1,795,000
1234 Waterfront Dr, Waterford, MI 48329
Well-established restaurant/bar with the business and building included in the sale.
Property Size7,900 SF
Price / SF$227.22
Days on Market132
Property Features for 1234 Waterfront Dr
General Information
Standard status
Active
Size
7,900 SF
Additional Details
Business Included
Yes
Listing Agency:
Esoteric Realty LLC
(586) 330-9755
Listed By:
Violet Saveski
(586) 330-9755
Source:
Exprealty
Added: Mar 23
Changed: Jul 31
Last Checked: Jul 31 at 7:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Esoteric Realty LLC
Investment Insights
Based on property information with market context.
This well-established restaurant/bar offers a turn-key style opportunity by including both the business and the building with the sale. It’s being marketed as a combined package, which can simplify continuity for an operator looking for an established concept.
The property is located at 1234 Waterfront Dr, Waterford, MI 48329. The transaction is structured as a for-sale offering.
If you’re seeking a restaurant/bar asset where the buyer is acquiring the operating business along with the real estate, this package format is designed to support that goal.
The property is located at 1234 Waterfront Dr, Waterford, MI 48329. The transaction is structured as a for-sale offering.
If you’re seeking a restaurant/bar asset where the buyer is acquiring the operating business along with the real estate, this package format is designed to support that goal.
Key Highlights
- Well‑established restaurant/bar for sale
- Business and building included in the sale
- For‑sale transaction package at 1234 Waterfront Dr, Waterford, MI 48329
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.6k | $21.60 |
| − Vacancy | −$11.6k | −$1.47 |
| EGI | $159.0k | $20.13 |
| − OpEx | −$39.8k | −$5.03 |
| NOI | $119.3k | $15.10 |
7,900 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,277 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Shell
Shops & Services
7,675 visits/mo
0.5 miles
Happy's Pizza
Dining
3,336 visits/mo
0.4 miles
Demographics for 48329, MI
24,391
Population
10,249
Households
2.4
Avg Household Size
45
Median Age
29%
College-Educated
94%
High-School Grad
10.3 sq mi
ZIP Area
2,368
Density / Sq Mi
$85,777
Median Household Income
$48,837
Median Earnings
$1,323
Median Rent
$245,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oakland County Sportsmans Club Bar & Kitchen — 4770 Waterford Rd, Clarkston, MI 48346
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-established restaurant/bar with the business and building included in the sale.
Where is this bar & pub located?
The property is located at 1234 Waterfront Dr Waterford, MI.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Well‑established restaurant/bar for sale; Business and building included in the sale; For‑sale transaction package at 1234 Waterfront Dr, Waterford, MI 48329
