30252 Woodward Ave Royal Oak, MI 48073-0994
This exceptional retail and restaurant opportunity is located in the highly desirable Woodwardside Plaza in Royal Oak, Michigan. The property boasts a total of 12,903 square feet, with 3,105 square feet currently available for lease. This space is a second-generation restaurant end-cap, perfectly positioned on Woodward Avenue, a major thoroughfare with a high traffic volume of 64,000 vehicles per day. The plaza benefits from its strategic location within a densely populated residential area, surrounded by over 60,000 homes within a one-mile radius, ensuring a strong customer base. Its proximity to Beaumont Hospital, Michigan's largest Beaumont campus with over 1,100 beds, further enhances its appeal and provides a significant source of potential clientele. The property offers excellent visibility and accessibility, complemented by convenient self-contained parking directly on Woodward Avenue. This prime location presents a unique opportunity for a restaurant operator to establish a thriving business in a vibrant and high-traffic area. The property is designated as a multi-tenant plaza, offering a dynamic and established commercial environment. This is a turnkey opportunity for a restaurant seeking a high-visibility location with ample parking and a strong surrounding demographic. The available space is ready for immediate occupancy.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GEN BUS · Royal Oak, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.