33722 Woodward AveBirmingham, MI 48009

Property Details for 33722 Woodward Ave

Year built

1978

Lot size

0.23 AC

Property size (Sq ft)

4,483 SF

Zone code

BI

Property type

Office buildings

APN

08-20-31-304-049

APU

82031304049

Description

This exceptional 4,483-square-foot retail building, located at 33722 Woodward Avenue in Birmingham, Michigan, presents a unique investment opportunity. Built in 1978 and extensively renovated in 2020, the property boasts a modern interior within a desirable location. The entire space is currently vacant, offering immediate occupancy for a prospective tenant. Situated on a 0.23-acre lot, the building is zoned B2B, allowing for a variety of commercial uses. Ample parking is available with 29 spaces provided for customers and employees. The property's address is 33722 Woodward Ave, Birmingham, MI 48009, within Oakland County. Its convenient location offers excellent visibility and accessibility, making it an ideal space for a retail business seeking a high-traffic area. The property's parcel number (APN) is 20-31-304-049. The building's single-tenant occupancy allows for a streamlined lease agreement and management. This turnkey retail space is ready for immediate occupation and offers a chance to establish a thriving business in a vibrant community. The recent renovation ensures the building is in excellent condition, minimizing upfront capital expenditures for the new tenant. This property represents a rare opportunity to secure a well-maintained, spacious retail space in a prime Birmingham location.

• CAP approach

  CAP return

  Valuation

  6%

  $767,436

  6.5%

  $708,402

  7%

  $657,802

• Comparable approach

  Method

  Valuation

  Relative Method

  $419,340

  Geo Method

  $419,340

• Alternative Use

  Use

  Valuation

  Residential

  $878,418

  Hospitality

  $804,627

  Educational

  $669,440

  Medical

  $692,463

  Retail

  $1,041,351

Location Insight

City

Birmingham

County

Oakland

State

Michigan

Latitude

42.5371

Longitude

-83.204

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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