5834 Highland Rd, Waterford, MI 48327-1827
This exceptional 4,537-square-foot restaurant space is ideally situated on a 1.43-acre lot at 5834 Highland Road in Waterford Township, Michigan. The property boasts a single-tenant occupancy, offering a unique opportunity for a restaurateur seeking a substantial footprint. Built in 1973, the building is a single-story structure with ample parking, accommodating 120 vehicles. The entire 4,537 square feet is currently vacant, presenting a blank canvas for a new culinary venture. The property is zoned C-2 (Commercial), allowing for a variety of commercial uses. Its location in Oakland County, with the address 5834 Highland Rd, Waterford Township, MI 48327, offers excellent visibility and accessibility. The property's parcel number (APN) is 13-16-352-032. This substantial lot size provides ample room for outdoor seating, landscaping, or potential expansion. The property presents a rare opportunity to establish a thriving restaurant business in a desirable location with significant parking capacity. The property's size and zoning make it suitable for a wide range of restaurant concepts. This is a turnkey opportunity for an ambitious restaurateur looking to establish a presence in a high-traffic area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
BI · Waterford, MIWaterford. 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.