31519 12 Mile RdFarmington Hills, MI 48334

For Sale
$3,500,000

Upscale Chinese Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
95
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.

Highlights

  • 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.
  • Offered as a net lease investment for $3,500,000 ($431.67/SF); tenant seeking a new long-term lease.
  • APN: 2315201271; Excellent freeway access and proximity to amenities.

Property Details for 31519 12 Mile Rd

Property type
Other retail properties, Restaurants
Square Feet
8,108 SF
Class
A
Year Built/Renovated
1995/2022
Buildings
1
Stories
2
Units
1

Location Insight

City
Farmington Hills
County
Oakland
State
Michigan
Latitude
42.498883248969
Longitude
-83.359666715877
31519 12 Mile Rd, Farmington Hills, Michigan
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31519 12 Mile Rd
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