3870 Elizabeth Lake Rd Waterford, MI 48328
- Bars
- 2,494 SF
- 1.20 lot acres
Current Use by Public Records
- Bars
Property Details for 3870 Elizabeth Lake Rd
- Year built
- 1971
- Lot size
- 1.20 lot acres
- Property size
- 2,494 SF
- Zone code
- BI
- Property type
- Bars
- Property subtype
- Pubs
- APN
- W -13-26-153-024
- APU
- W1326153024
Description
This exceptional turnkey opportunity encompasses a 5,000 square foot, two-story building situated on a 1.2-acre lot in Waterford, Michigan. Built in 1971 and extensively renovated in 2021, this property boasts a single-tenant layout ideal for a restaurant or bar concept. The sale includes the real estate, the established business, and a valuable liquor license, offering a seamless transition for a new owner. The building features a walkout basement, providing ample storage and potential for expansion. With approximately 40 parking spaces and high visibility along Elizabeth Lake Road, this property benefits from a prime location in a thriving commercial area. The BI zoning allows for versatile business opportunities. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable market. The property's recent renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. The inclusion of the liquor license significantly enhances the value and potential profitability of this investment. This turnkey operation is ready for a new owner to step in and continue its success. The property's size, location, and included assets make it an attractive investment for experienced restaurateurs or savvy commercial investors seeking a high-return opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3639
- Latitude
- 42.6395
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
