Current Use by Public Records
- Retail properties & Spaces
Property Details for 1196 Washington Ave
- Property type
- Retail properties & Spaces
Description
The Roy offers a unique opportunity to lease a brand-new, 400-square-foot retail space in a vibrant Royal Oak location. This single-tenant space is situated on the ground floor of a newly constructed, 77-unit apartment building, ensuring high foot traffic from residents. Its prime location on South Washington Avenue places it within easy walking distance of downtown Royal Oak and Oakland Community College, providing excellent access to a diverse customer base. The building's strategic position also offers convenient access to major thoroughfares, including Woodward Avenue and I-696, enhancing visibility and accessibility for customers arriving by car. The entire 400 square feet is currently vacant and ready for immediate occupancy. This presents a rare chance for a business to establish itself in a thriving community with a built-in customer base. The property is classified as retail, with an apartment subtype, in Oakland County. This ground-floor retail space is ideal for a variety of businesses seeking high visibility and convenient access to a large residential population. The combination of a prime location and a captive audience makes this an exceptional opportunity for a small business looking to thrive in a bustling urban setting.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1465
- Latitude
- 42.4797
