4355 Dixie Hwy, Waterford, MI 48329-3507
This exceptional 1,241 square foot retail property, situated on a 1.05-acre lot in Oakland County, presents a rare opportunity for lease or purchase. Located on busy Dixie Highway near the Sashabaw Road intersection, this single-tenant building boasts a prime location surrounded by numerous national and local retailers, ensuring high visibility and foot traffic. Built in 1945, the property features a drive-thru, making it ideally suited for a variety of businesses, including restaurants and coffee shops. The building is currently vacant and offers significant potential for redevelopment. The zoning is C-2, allowing for a range of commercial uses. The property's size and location make it an attractive investment for those seeking a high-traffic location in a thriving commercial area. The asking price for the sale is $500,000, translating to $402.90 per square foot. Alternatively, the lease rate is $17.00 per square foot, NNN. This property offers a unique blend of established location and redevelopment potential, making it a compelling investment opportunity in the heart of Waterford. The one-story building is part of a larger parcel, offering ample space for expansion or future development. Its proximity to major roadways ensures excellent accessibility for customers and employees alike. Don't miss this chance to secure a prominent retail space in a high-demand area.
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.