3273 Huron St, Waterford, MI 48328-3638
This exceptional 12,228-square-foot retail property, formerly a Rite Aid, presents a remarkable investment opportunity. Situated on a prominent 4-acre lot at the hard corner of West Huron Street (M-59) and Elizabeth Lake Road in Waterford, Michigan, this location boasts exceptional visibility and accessibility. Built in 2007, the single-unit building is zoned C-4, offering considerable flexibility for a variety of uses. The property's prime location makes it ideal for a wide range of retail businesses, including fast food restaurants, car washes, and other high-traffic ventures. The substantial lot size provides ample space for expansion or additional development. This property is available for both sale and lease, providing options to suit diverse investment strategies. The address is 3273 W Huron St, Waterford, MI 48328, within Oakland County. This is a rare opportunity to acquire a well-located, sizable retail space in a thriving Michigan community. The property's history as a successful pharmacy demonstrates its strong potential for continued success under new ownership or tenancy. Serious inquiries are encouraged to explore this compelling investment prospect.
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
BI · Waterford, MIWaterford. Always verify with local authorities before improvements.
Costs & 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.