5328 Highland Rd Waterford Township, MI 48327
- Turn key restaurants
- 2,047 SF
- 10.07 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 5328 Highland Rd
- Year built
- 1994
- Lot size
- 10.07 lot acres
- Property size
- 2,047 SF
- Zone code
- BI
- Property type
- Turn key restaurants
- APN
- W -13-16-451-019
- APU
- W1316451019
Description
This exceptional 108,000 square foot sports and entertainment complex, situated on a sprawling 10.07-acre lot in Waterford Township, Michigan, presents a rare investment opportunity. Built in 1994 and zoned C-4, the property includes both real estate and the established Oakland Yard Athletics business. The facility boasts a wide array of indoor and outdoor sports amenities, catering to diverse age groups and activities. These include football, soccer, lacrosse, basketball, pickleball, baseball, softball, cornhole, field hockey, kickball, and volleyball, supporting organized youth and adult leagues and tournaments. Revenue streams are diversified through private rentals for team practices and training, event rentals, and a variety of hosted events such as field trips, graduation parties, corporate events, weddings, and fundraisers. A significant asset is the newly renovated outdoor patio bar, complete with a pavilion, ample seating, stainless steel bar, fire pit, and views overlooking the outdoor courts and fields. The property's prime location in Oakland County, coupled with the existing liquor license, further enhances its appeal and potential for continued growth and profitability. The property's APN is 13-16-451-019. This is a turnkey operation with significant upside potential for a savvy investor.
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
- -83.3934
- Latitude
- 42.6626
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
