37116 Groesbeck Hwy, Clinton Township, MI 48036-2346
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OS-1 · Clinton Township, MIClinton Township. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.