30735 Greenfield RdSouthfield, MI 48076

Property Details for 30735 Greenfield Rd

Year built

1962

Lot size

0.20 AC

Property size (Sq ft)

1,620 SF

Zone code

R-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

76-24-12-230-024

APU

762412230024

Description

This 1,620 square foot restaurant space, located at 30735 Greenfield Road in Southfield, Michigan, is available for sale at $349,000. The property, built in 1962, boasts a prime location with high visibility on Greenfield Road. Previously operating as Capri Pizza, this turnkey opportunity comes complete with all existing equipment, including a fully functional pizza oven. The sale includes an active SDM beer and wine license, streamlining the transition for a new owner. The property is currently vacant and ready for immediate occupancy. The asking price translates to $215.43 per square foot. This represents a significant opportunity for an established restaurant operator or a new entrepreneur looking to enter the thriving Southfield market. The property is classified as retail, specifically a restaurant and pizzeria, and is offered in "as-is" condition. The property is situated in Oakland County, Michigan, with a zip code of 48076. This location offers excellent access to major roadways and a dense population base, ensuring high foot traffic and potential customer reach. The property's existing infrastructure and included equipment significantly reduce the start-up costs and time required to begin operations. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $424,178

  6.5%

  $391,549

  7%

  $363,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,868

  Geo Method

  $381,868

• Alternative Use

  Use

  Valuation

  Residential

  $330,286

  Hospitality

  $302,540

  Educational

  $251,710

  Medical

  $260,366

  Retail

  $391,549

Location Insight

City

Southfield

County

Oakland

State

Michigan

Latitude

42.5156

Longitude

-83.204

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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