714 Washington Ave Royal Oak, MI 48067-3830

Property Details for 714 Washington Ave

Year built

1982

Lot size

0.25 lot acres

Property size

2,681 SF

Zone code

CBD

Property type

Turn key restaurants

APN

72-25-21-285-005

APU

722521285005

Description

This exceptional 6,700 square foot, Class A restaurant building presents a turnkey opportunity in the heart of downtown Royal Oak, Michigan. Situated on a 0.35-acre lot at 714 S Washington Ave, 48067, this vacant property boasts a prime location across from Oakland Community College's Royal Oak Campus. The property includes a rare dedicated surface parking lot, a significant advantage in this bustling area. The building, constructed in 1982, offers inviting outdoor patio seating and is ideally suited for a full-service restaurant and bar. Its central location provides easy access to major highways (I-696, I-75, and Woodward Avenue), connecting to suburban areas and downtown Detroit. Downtown Royal Oak is a vibrant hub with over 85 service and retail shops, 175+ professional businesses, and over 5.3 miles of walkable sidewalks. The area hosts numerous annual events and festivals, including the Royal Oak Farmers Market, Royal Oak Music Theatre, Arts Beats and Eats, and more, ensuring high foot traffic and visibility. The asking price is $2,750,000. Information regarding liquor and bar licenses is available upon request. This is a rare opportunity to own a trophy asset in a thriving, highly sought-after location.