31668 Woodward AveRoyal Oak, MI 48073

This exceptional 4,930 square foot retail redevelopment opportunity is located at 31668 Woodward Avenue in Royal Oak, Michigan, 48073. Situated on a 0.16-acre lot with 82 feet of frontage, this property boasts a prime location with high visibility and significant traffic volume. The B1 zoning allows for a variety of uses, making it ideal for retail or medical office space. The property features abundant parking, including 40 spaces in a private lot, in addition to ample street parking. The asking price is $2,000,000. The building is a single-story structure with an occupancy date of December 18, 2023. This property benefits from its prominent location on Woodward Avenue, a major thoroughfare with over 60,000 vehicles passing daily. The location serves the retail trade areas of Royal Oak, Birmingham, and Beverly Hills, providing access to a large and affluent customer base. The lease type is NNN. This redevelopment project presents a unique chance to capitalize on a high-traffic location and create a thriving business. The property's size and zoning provide flexibility for a variety of development plans. Don't miss this chance to own a piece of Royal Oak's vibrant commercial landscape.