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    OFF-MARKET
    Turn key restaurants

    4355 Dixie Hwy, Waterford, MI 48329-3507

    1,459 SF 0.29 ac lot Built 1945
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1223975
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1945
    Total area 1,459 SF
    Lot 0.29 ac (12,632 SF)
    Zoning code BI
    APN W -13-10-402-012
    UPID US43-1223975
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    4355 Dixie Highway LLC · 2 yrs held
    4355 Dixie Highway LLC
    since 2023
    7 recorded transactions
    2023
    2023
    $180,000
    2021
    $250,000
    2021
    2021
    $70,000
    2021
    2021
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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