3985 John R Rd Troy, MI 48083
- Commercial land
- 0.76 lot acres
Current Use by Public Records
- The Gathering Place / Restaurant / Bar
Property Details for 3985 John R Rd
- Lot size
- 0.76 lot acres
- Zone code
- B-2
- Property type
- Commercial land
- APN
- 88-20-23-200-049
- APU
- 882023200049
Description
This 3,550 square foot restaurant building, located at 3985 John R Rd in Troy, Michigan (zip code 48083), presents a compelling redevelopment opportunity. Situated on a 1.17-acre lot, the property enjoys high visibility and easy access to major roads and highways, benefiting from significant daily foot and vehicle traffic. Zoned for General Business use, this versatile site offers flexibility for a wide range of commercial ventures, including retail, office, or mixed-use development. Built in 1959, the existing structure provides a solid foundation for redevelopment, while the ample lot size allows for significant expansion or modification. The property benefits from existing utilities and infrastructure, minimizing initial redevelopment costs and accelerating project timelines. Its location within a vibrant commercial area, close to shopping centers and other establishments, ensures a strong customer base. Troy's robust economy and affluent population make this a promising location for long-term investment. A liquor license is also available with the property, adding further value to this exceptional redevelopment opportunity. This prime location in Oakland County offers significant potential for investors seeking to capitalize on a thriving market.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Troy
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1093
- Latitude
- 42.5772
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA