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    OFF-MARKET
    Drive through restaurants

    2299 Elizabeth Lk Rd, Waterford, MI 48328-3307

    566 SF Built 1992
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-0328224
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1992
    Total area 566 SF
    APN W -13-25-404-038
    UPID US43-0328224
    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
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    Owner & transaction history
    Asian Yummy Station LLC · 2 yrs held
    Asian Yummy Station LLC
    since 2024
    5 recorded transactions
    2024
    2022
    2022
    $165,000
    2022
    $135,000
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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