For Sale
$799,900

4908 Wayne Rd Wayne, MI 48184

Established Smoke Shop + 4 Residential Units

Overview

Added:
Feb 3
Days on market:
78
This exceptional commercial property, located at 4908 S Wayne Road in Wayne, MI, presents a lucrative investment opportunity. The 0.41-acre lot houses a well-established smoke shop, a long-term tenant operating successfully for over two decades. This provides immediate and consistent rental income. In addition to the commercial space, the property includes four residential units, offering further revenue potential. One of these residential units has the potential for conversion into three separate units, significantly increasing the property's rental income capacity. The property benefits from a prime location in downtown Wayne, boasting high foot traffic and excellent visibility, ensuring strong tenant occupancy and potential for future growth. The asking price is $799,900. This is a rare opportunity to acquire a multi-faceted commercial property with established income streams and significant upside potential in a desirable location. The property's strong tenant history and high-traffic location make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture. The combination of commercial and residential units provides diversification and a robust return on investment. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property Details for 4908 Wayne Rd

Property type
Commercial real estate
Year Built
1955
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Wayne
County
Wayne
State
Michigan
Latitude
42.27245
Longitude
-83.38901

FAQs

What type of property is this?
Commercial real estate - Established Smoke Shop + 4 Residential Units
Where is the commercial real estate located?
The property is located at 4908 Wayne Rd Wayne, MI.
What is the asking price?
The asking price for this property is $799,900.
How can I contact the broker?
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4908 Wayne Rd
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