Property summary
This exceptional 3,000-square-foot convenience store in West Bloomfield Township, Michigan, presents a unique investment opportunity. Built in 2018, the property boasts a prime downtown location with no nearby competition. The asking price of $169,999 includes a substantial inventory valued at approximately $340,000, consisting of sports and celebrity memorabilia, collectibles, furniture, vintage clothing, and rare art pieces. The store also features additional basement storage. A month-to-month lease is in place, with the landlord prepared to negotiate a new lease agreement. Financial highlights include a gross revenue of $58,802, fixtures, furniture, and equipment valued at $10,000, and a monthly rent of $3,400. Seller financing is available with 50% down, amortized over 36 months at 6% interest. The seller will provide training to ensure a smooth transition for the new owner. This presents a chance to acquire an established business with significant growth potential, including expanding product offerings, online sales, and website updates. The property is located at a specific address in West Bloomfield Township, Oakland County, MI 48325. The business has been operating since 2018. One full-time and one part-time employee are currently on staff.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
2 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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