47700 Woodward Ave Pontiac, MI 48342
- Warehouses
- 17,663 SF
- 1.60 lot acres
Current Use by Public Records
- Omega Duct Cleaning Pontiac / Air Duct Cleaning Service
Property Details for 47700 Woodward Ave
- Year built
- 1893
- Lot size
- 1.60 lot acres
- Property size
- 17,663 SF
- Zone code
- AI
- Property type
- Warehouses
- APN
- 64-14-28-305-004
- APU
- 641428305004
Description
This stunning 32,000-square-foot executive office building, located at 47700 Woodward Avenue in Pontiac, Michigan, presents a unique investment opportunity. Priced at $2,900,000, this Class C property offers a compelling combination of historical charm and modern functionality. Situated on a 32,000-square-foot lot, the building boasts 120 parking spaces and enjoys a prime location in Oakland County, overlooking downtown Pontiac and McLaren Oakland Hospital. Its convenient location at the southeast corner of M-59 and Woodward Avenue provides easy access to I-75, numerous restaurants, banking services, and other businesses. The building, listed on the National Register of Historic Places, features a blend of historical and modern architectural elements, making it suitable for a variety of uses, including corporate headquarters, single or multi-tenant occupancy, or redevelopment. This owner/user opportunity is further enhanced by significant tax credits, including $1,000,000 in available credits, and its location within a Federal Opportunity Zone, offering substantial financial incentives. The property is offered with a NNN lease type. The asking price equates to $90.63 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.2882
- Latitude
- 42.6383
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
