31519 12 Mile Rd Farmington Hills, MI 48334
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Upscale Chinese Restaurant, Prime Location
Property size:
8,108 SFProperty Features for 31519 12 Mile Rd
General Information
- Property type
- Restaurants
- Square Feet
- 8,108 SF
- Class
- A
Building Details
- Year Built/Renovated
- 1995/2022
- Buildings
- 1
- Stories
- 2
- Units
- 1
Listing Agency: Central Properties Group LLC Listing Agent: Ian Whitelaw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a beautifully renovated, freestanding Class A restaurant building in Farmington Hills, Michigan. Located at 31519 W 12 Mile Rd, this 8,108 square foot, two-story property sits on a 24,742 square foot lot and boasts prominent monument signage on a high-traffic road, just west of Orchard Lake Road and across from a Starbucks. The building, originally constructed in 1995 and completely renovated in 2022, features an elevator and an outdoor patio. Currently occupied by a high-end Chinese restaurant operating at 100% occupancy, the property is offered as a net lease investment with a sale price of $3,500,000 ($431.67 per square foot). The single-tenant building is zoned for commercial use and benefits from excellent freeway access and proximity to numerous amenities, including other restaurants and banks. The current tenant is seeking a new long-term lease with the new owner, providing a stable income stream for the investor. The property's APN is 2315201271. This is a turnkey opportunity to acquire a high-quality, well-located restaurant property in a thriving market. The property's previous name was Tribute Restaurant.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Farmington Hills
- County
- Oakland
- State
- Michigan
- Longitude
- -83.359666715877
- Latitude
- 42.498883248969
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FAQs
What type of property is this?
Restaurant - Upscale Chinese Restaurant, Prime Location
Where is this restaurant located?
The property is located at 31519 12 Mile Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Class A, 8,108 SF freestanding restaurant building in Farmington Hills, MI, on a 24,742 SF lot.; Located at 31519 W 12 Mile Rd, with prominent monument signage on a high-traffic road, near Orchard Lake Rd and a Starbucks.; Completely renovated in 2022, featuring an elevator and outdoor patio; currently 100% occupied by a high-end Chinese restaurant.