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    OFF-MARKET
    Turn key restaurants

    37116 Groesbeck Hwy, Clinton Township, MI 48036-2346

    3,693 SF 0.74 ac lot Built 1972
    Individually Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US43-0610418
    Property summary
    AI-generated overview

    This exceptional restaurant opportunity is located at 37116 S Groesbeck Hwy in Clinton Township, Macomb County, Michigan, 48036. The property boasts 3,693 square feet situated on a 0.735-acre lot. Currently operating as Zorba's, a family-run restaurant since 2001, this turnkey business offers immediate income potential. All fixtures and equipment are included in the sale, with a detailed list available upon request. The asking price is $925,000. The property benefits from excellent exposure and a high traffic count, making it an ideal location for a thriving restaurant. The property's strategic location is further enhanced by its proximity to Parkway Shopping Plaza, which is currently undergoing revitalization with new tenant acquisitions. This presents a significant opportunity for synergistic growth and increased customer traffic. The single-unit property is classified as retail, specifically a restaurant, and presents a rare chance to acquire an established business with significant upside potential in a desirable location. This is a fantastic opportunity for an experienced restaurateur or an investor seeking a strong return on investment.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1972
    Total area 3,693 SF
    Lot 0.74 ac (32,017 SF)
    Zoning code OS-1
    APN 16-11-22-352-027
    UPID US43-0610418
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Dreshaj Leka · 10 yrs held
    Dreshaj Leka
    since 2016
    1 recorded transaction
    2016
    Zoning & alternative use
    OS-1 · Clinton Township, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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