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3870 Elizabeth Lake Rd Waterford, MI 48328

Turnkey Restaurant, Liquor License Included

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional turnkey opportunity encompasses a 5,000 square foot, two-story building situated on a 1.2-acre lot in Waterford, Michigan. Built in 1971 and extensively renovated in 2021, this property boasts a single-tenant layout ideal for a restaurant or bar concept. The sale includes the real estate, the established business, and a valuable liquor license, offering a seamless transition for a new owner. The building features a walkout basement, providing ample storage and potential for expansion. With approximately 40 parking spaces and high visibility along Elizabeth Lake Road, this property benefits from a prime location in a thriving commercial area. The BI zoning allows for versatile business opportunities. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a desirable market. The property's recent renovation ensures modern amenities and functionality, minimizing the need for immediate capital expenditures. The inclusion of the liquor license significantly enhances the value and potential profitability of this investment. This turnkey operation is ready for a new owner to step in and continue its success. The property's size, location, and included assets make it an attractive investment for experienced restaurateurs or savvy commercial investors seeking a high-return opportunity.

Highlights

  • 5,000 SF building, perfect for a restaurant.
  • Single-tenant layout with flexible space.
  • Two-story building with walk-out basement.
  • Includes business, real estate, and liquor licenses.
  • Built in 1971, renovated in 2021.
  • Ample parking with approximately 40 spaces.

Property Details for 3870 Elizabeth Lake Rd

Property type
Retail properties, Restaurants
Square Feet
5,000 SF
Year Built/Renovated
1971/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Waterford
County
Oakland
State
Michigan
Latitude
42.639445
Longitude
-83.3636007
3870 Elizabeth Lake Rd, Waterford, Michigan

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, Liquor License Included
Where is the retail property located?
The property is located at 3870 Elizabeth Lake Rd Waterford, MI.
What are key features of this property?
This property features: 5,000 SF building, perfect for a restaurant.; Single-tenant layout with flexible space.; Two-story building with walk-out basement.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3870 Elizabeth Lake Rd
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