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    OFF-MARKET
    Retail properties & Spaces

    0 Telegraph Rd, Flat Rock, MI 48134

    111,111 SF 1.38 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.38-acre commercial property in Flat Rock, Michigan, presents a unique redevelopment opportunity. Located on Telegraph Rd, with a Wayne County address and zip code 48134, this 111,111 square foot lot is zoned for commercial use (APN: 70062990003301). The asking price is $375,000, translating to $3 per square foot. The property's dimensions are approximately 200 x 300 feet, making it ideally suited for a variety of uses. Its previous uses included a bar, convenience store, and restaurant, suggesting versatility for future development. The property's depth is particularly well-suited for drive-thru businesses, such as fast food restaurants or coffee shops. This prime location offers significant potential for a franchise or similar fast-casual establishment. An additional, similarly sized and priced lot is available adjacent to the south, presenting an opportunity for expansion or a combined development. This is a rare chance to acquire a substantial commercial property in a desirable location with significant redevelopment potential. The property is ready for a new owner to envision and create a thriving business.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 111,111 SF
    Lot 1.38 ac (60,113 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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