3381 Highland Rd Waterford, MI 48328-3023
This exceptional 720 sq ft industrial property in Waterford, MI, presents a rare opportunity to acquire an established car dealership. Situated at the bustling intersection of Highland Road and Elizabeth Lake Road, this business benefits from unparalleled visibility and high traffic counts, boasting 215 feet of frontage on Highland Road. The updated building features four offices and a dedicated storage room, providing ample space for operations and administrative functions. The 0.33-acre lot offers convenient access and ample space for customer parking and vehicle display. This is a unique investment opportunity, as Waterford Township has a limited number of permitted car dealerships, making this an exceptionally valuable asset. The sale includes both the real estate and the established business, with inventory negotiable. This prime location and established business provide a strong foundation for continued success and significant return on investment. The property's strategic positioning at a high-traffic intersection ensures maximum exposure and accessibility for customers. This is a turnkey operation ready for a new owner to step in and continue the legacy of this successful enterprise. Don't miss this chance to own a thriving business in a highly desirable and restricted location.
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, 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.