2299 Elizabeth Lk Rd, Waterford, MI 48328-3307
This exceptional commercial property, a former drive-thru restaurant, presents a unique investment opportunity in Waterford Township, Michigan. Located at 2299 Elizabeth Lake Road, near the intersection of Telegraph Road, this single-tenant building offers 566 square feet of space, ideal for a variety of fast-casual concepts. Built in 1992, the property sits on a 0.25-acre lot and includes ample parking with 12 spaces to accommodate customers. The building's previous use as a drive-thru restaurant makes it perfectly suited for similar businesses, such as coffee shops, fast-food establishments, or food preparation facilities. The property is zoned commercial and boasts a convenient location with high visibility. The Oakland County address (APN: W -13-25-404-034) ensures easy identification and streamlined processes. This is a fantastic opportunity to acquire a well-situated commercial property in a thriving area at a highly competitive price point. The property's existing infrastructure significantly reduces start-up costs, making it an attractive option for entrepreneurs and investors alike. Don't miss this chance to own a piece of Waterford Township's vibrant commercial landscape. The zip code is 48328.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.