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    FOR SALE
    Bars & Pubs

    1450 S Hospital Rd, Waterford Township, MI 48327

    18,416 SF 1.59 ac lot Built 1973
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1264743
    Property summary
    AI-generated overview

    This exceptional 18,200-square-foot retail building in Waterford Township, Michigan, presents a rare investment or owner-user opportunity. Recently renovated, the property is ideally suited for a restaurant, bar, or nightclub. Located at 1450 S Hospital Rd, 48327, in Oakland County, this prime location boasts a dense residential population and ample parking with convenient access. The building offers flexible lease options, with 9,100 to 18,200 square feet available. The current owner is open to leasing back 9,100 square feet of the space, selling the existing restaurant business along with the building, or vacating entirely to accommodate a new user. The property includes a liquor license and existing equipment, representing a significant advantage for a prospective buyer or tenant. Up to six months of free rent may be available, making this a compelling proposition for those seeking a turnkey operation or a blank canvas for their own concept. This is a truly unique opportunity to acquire a well-situated, recently renovated restaurant space in a thriving Michigan community. The property's gross lease structure simplifies operations, and its size allows for substantial expansion or adaptation to various restaurant concepts. Don't miss this chance to secure a highly desirable commercial property in a prime location.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1973
    Total area 18,416 SF
    Lot 1.59 ac (69,260 SF)
    Zoning code BI
    APN W -13-31-476-107
    UPID US43-1264743
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.83M
    Blend (final) Blend
    $1.69M
    Owner & transaction history
    NABIL NANNOSHI
    NABIL NANNOSHI
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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