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    7890 Highland Rd Waterford Township, MI 48327

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    Contact for pricing

    Lakefront Restaurant Opportunity, 4,998 SF

    Lot size:
    4,998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,998-square-foot freestanding retail building, located at 7890 Highland Rd in Waterford Township, Michigan, presents a unique investment opportunity. Situated on a one-acre lot with 62 parking spaces, this single-tenant property boasts a prime waterfront location, ideal for a restaurant or other retail ventures. The entire building is currently vacant, offering immediate occupancy for a new business. The property's address is 7890 Highland Rd, Waterford Township, MI 48327, and its Oakland County APN is 1318351025. The building's classification includes street retail and free-standing building designations. This property is perfectly positioned to capitalize on the thriving Waterford area, offering high visibility and accessibility. The ample parking ensures convenient access for customers. A ground lease is available for qualified parties. This versatile space is suitable for a variety of retail uses, making it an attractive option for investors seeking a strong return on investment in a desirable location. The property's waterfront setting provides a unique and appealing atmosphere, enhancing its potential for success. Don't miss this chance to acquire a remarkable property in a prime location.

    Property Features for 7890 Highland Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,998 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,998 SF

    HighLights

    • 4,998 SF building with high redevelopment potential.
    • Ample parking with approximately 62 spaces.
    • One‑acre waterfront lot.
    • Excellent opportunity for a lakefront restaurant with exceptional views.
    • Ground lease available.
    • Prime Waterford location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    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 - Lakefront Restaurant Opportunity, 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.; Ample parking with approximately 62 spaces.; One-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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