1090 Rochester Rd Troy, MI 48083-2831
- Commercial real estate
- 4,046 SF
- 0.78 lot acres
Current Use by Public Records
- The Venue In Troy / Hotel & Motel / Resort
Property Details for 1090 Rochester Rd
- Year built
- 1956
- Lot size
- 0.78 lot acres
- Property size
- 4,046 SF
- Zone code
- M-1
- Property type
- Commercial real estate
- APN
- 88-20-34-276-017
- APU
- 882034276017
Description
This exceptional turnkey restaurant opportunity in Troy, Michigan, is available for sale at $1,200,000. The property boasts a generous 4,046 square feet of space situated on a 1.7-acre lot at 1090 Rochester Rd, Troy, MI 48083. This freestanding building offers an ideal location with ample parking, catering to a thriving customer base. The sale includes all fixtures, furniture, and equipment (FF&E), along with a valuable Class C liquor license, simplifying the transition for a new owner. The property benefits from a strong demographic profile, with over 275,000 residents within a five-mile radius and an average annual household income exceeding $100,000 in the same area. Its convenient location provides easy access to I-75 freeway, enhancing visibility and accessibility for customers. This presents a rare chance to acquire a well-established restaurant with significant potential for continued success in a prime location. The property is classified as Retail, with a subtype of Restaurant. This is a truly remarkable opportunity for an experienced restaurateur looking to establish or expand their business.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $793,000
- AI Estimate
- $793,000
Market price range: $554k - $986kMarket price range: $554k - $986k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $725,000 Current use
- RETAIL STORES
- $685,000 Change: -6% Conversion: Easy
- MEDICAL BUILDING
- $640,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1331
- Latitude
- 42.5425
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA