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    OFF-MARKET Estimated value $600,000
    Turn key restaurants

    7890 Highland Rd, Waterford, MI 48327-1412

    4,998 SF Built 1948
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-0010630
    Property summary
    AI-generated overview

    This exceptional 4,998-square-foot freestanding retail building, located at 7890 Highland Rd in Waterford Township, Michigan, presents a unique investment opportunity. Situated on a one-acre lot with 62 parking spaces, this single-tenant property boasts a prime waterfront location, ideal for a restaurant or other retail ventures. The entire building is currently vacant, offering immediate occupancy for a new business. The property's address is 7890 Highland Rd, Waterford Township, MI 48327, and its Oakland County APN is 1318351025. The building's classification includes street retail and free-standing building designations. This property is perfectly positioned to capitalize on the thriving Waterford area, offering high visibility and accessibility. The ample parking ensures convenient access for customers. A ground lease is available for qualified parties. This versatile space is suitable for a variety of retail uses, making it an attractive option for investors seeking a strong return on investment in a desirable location. The property's waterfront setting provides a unique and appealing atmosphere, enhancing its potential for success. Don't miss this chance to acquire a remarkable property in a prime location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1948
    Total area 4,998 SF
    APN W -13-18-351-025
    UPID US43-0010630
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $670k
    Blend (final) Blend
    $600k
    Owner & transaction history
    Pontiac Lake Real Estate LLC · 2 yrs held
    Pontiac Lake Real Estate LLC
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $960,000 +11.0%
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