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    7890 Highland Rd Waterford Township, MI 48327

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    For Sale
    Contact for pricing

    Waterford Township Restaurant - 4,998 SF

    Property size:
    4,998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,998-square-foot vacant restaurant building presents a unique investment opportunity in the thriving Waterford Township, Michigan market. Situated on a one-acre waterfront lot at 7890 Highland Road, this property boasts 62 parking spaces and offers stunning lake views, making it ideal for a high-profile eatery. The property's prime location at the corner of Highland Road and Williams Lake Road ensures high visibility and accessibility for customers. The building is currently available for purchase, and a ground lease option is also available, providing flexibility for potential investors. The property's ample space and desirable location make it an attractive proposition for those seeking a successful retail venture in a bustling community. The Oakland County location, with its zip code 48327, offers easy access to major transportation routes and a strong customer base. This is a rare chance to acquire a substantial property with significant potential in a highly sought-after area. The APN is 1318351025. Don't miss this chance to establish a thriving business in a picturesque setting.

    Property Features for 7890 Highland Rd

    General Information

    Property type
    Restaurants
    Square Feet
    4,998 SF
    Lot Size
    43,560 SF

    HighLights

    • 4,998 SF building with high redevelopment potential.
    • 62 parking spaces.
    • 1‑acre waterfront lot.
    • Lakefront restaurant site with exceptional views.
    • Ground lease available.
    • Prime Waterford location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4422711
    Latitude
    42.6605744

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    FAQs

    What type of property is this?
    Restaurant - Waterford Township Restaurant - 4,998 SF
    Where is this restaurant located?
    The property is located at 7890 Highland Rd Waterford Township, MI.
    What are key features of this property?
    This property features: 4,998 SF building with high redevelopment potential.; 62 parking spaces.; 1-acre waterfront lot.
    Request Owner's contact information
    7890 Highland Rd Waterford Township, MI 48327
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    Waterford Township, MI 48327
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7890 Highland Rd Waterford Township, MI 48327
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