Current Use by Public Records
- Cardtronics ATM / Atm
- Pastaio Handmade Pasta & Pizza | Royal Oak / Restaurant
- 00 Bar Nightclub / Nightclub / DJ & Entertainment
- HopCat / Bar & Pub / Restaurant
Property Details for 208 5Th St
- Year built
- 1995
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional three-story restaurant located at 208 West 5th Street in Royal Oak, Michigan, presents a unique investment opportunity. Boasting 15,635 square feet of space, this established eatery is situated in a prime downtown location within walking distance of all major attractions and residential apartments. Built in 1995, the property features an updated interior and benefits from a highly desirable absolute NNN lease with nine years remaining on a five-year term. The building's strategic layout includes a top-floor patio and bar, adding significant appeal and potential for increased revenue. The property's Centr permitted zoning ensures flexibility and future development possibilities. The APN is 25 21 237 006. This turnkey operation is ideally positioned in Metro Detroit's most popular downtown area, offering immediate income generation and long-term growth potential. The property's size and location make it an attractive investment for discerning buyers seeking a well-established restaurant in a thriving urban setting. This is a rare opportunity to acquire a profitable and established business in a high-demand location. The property is located in Oakland County, Michigan, zip code 48067.
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
- -83.1459
- Latitude
- 42.4865
