Property summary
This 1,620 square foot restaurant space, located at 30735 Greenfield Road in Southfield, Michigan, is available for sale at $349,000. The property, built in 1962, boasts a prime location with high visibility on Greenfield Road. Previously operating as Capri Pizza, this turnkey opportunity comes complete with all existing equipment, including a fully functional pizza oven. The sale includes an active SDM beer and wine license, streamlining the transition for a new owner. The property is currently vacant and ready for immediate occupancy. The asking price translates to $215.43 per square foot. This represents a significant opportunity for an established restaurant operator or a new entrepreneur looking to enter the thriving Southfield market. The property is classified as retail, specifically a restaurant and pizzeria, and is offered in "as-is" condition. The property is situated in Oakland County, Michigan, with a zip code of 48076. This location offers excellent access to major roadways and a dense population base, ensuring high foot traffic and potential customer reach. The property's existing infrastructure and included equipment significantly reduce the start-up costs and time required to begin operations. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
-
Take-out & Catering
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
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 2022Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Southfield, MIThe intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-1 in Southfield, MI.
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