Property summary
This exceptional 2,000-square-foot freestanding retail building presents a unique investment opportunity in the thriving city of Royal Oak, Michigan. Located at 30507 Woodward Avenue, this single-tenant property offers unparalleled visibility and accessibility on a major thoroughfare. The building is currently vacant, providing a blank canvas for a new business or an ideal opportunity for owner-occupancy. The property boasts a BI zoning classification, offering flexibility for a variety of retail uses. Situated in Oakland County, this location benefits from a strong local economy and a high concentration of foot traffic and vehicular traffic. The building's 2,000 square feet of space provides ample room for a variety of retail concepts, from boutiques and restaurants to service-based businesses. The address, 30507 Woodward Avenue, Royal Oak, MI 48073, ensures easy access for customers and employees alike. This property is an excellent choice for investors seeking a high-return investment in a prime retail location. The entire building is available, presenting a rare opportunity to establish a strong presence in a desirable market. With its convenient location and ample space, this property is poised for success. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-traffic location. The BI zoning allows for a wide range of retail uses, providing flexibility for potential tenants. Don't miss this chance to acquire a prime retail property in a vibrant and growing community.
Property profile
VerifiedCap rate & NOI
Current use
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Car Rental Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
GEN BUS · Royal Oak, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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