For Sale
$2,750,000

714 Washington AveRoyal Oak, MI 48067

Downtown Royal Oak, 6,700 sq ft, turnkey.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 6,700 SF standalone restaurant building on a 0.35-acre lot in downtown Royal Oak, MI.
  • Turnkey restaurant/bar opportunity with patio seating; liquor license information available upon request.
  • Prime location on Washington Ave, across from Oakland Community College's Royal Oak campus.
  • Rare dedicated surface parking lot in downtown Royal Oak.
  • Excellent access to I-696, I-75, and Woodward Ave, connecting to suburban areas and Detroit.
  • Thriving downtown Royal Oak location with high foot traffic, numerous shops, businesses, and annual events.

Property Details for 714 Washington Ave

Property type
Retail properties, Restaurants
Square Feet
6,700 SF
Class
A
Year Built
1982
Buildings
1
Lot Size (sq. ft)
15,246 SF
Units
1

Location Insight

City
Royal Oak
County
Oakland
State
Michigan
Latitude
42.484227134454
Longitude
-83.14652572455
714 Washington Ave, Royal Oak, Michigan

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714 Washington Ave
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