30178 Woodward AveRoyal Oak, MI 48073
- Commercial real estate
- 4,570 SF
Property Details for 30178 Woodward Ave
- Year built
- 1964
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 4,570 SF
- Zone code
- GEN BUS
- Property type
- Commercial real estate
- APN
- 72-25-08-177-029
- APU
- 722508177029
Description
This exceptional 4,750 square foot retail space is available for lease at 30178 Woodward Avenue in Royal Oak, Michigan. Situated on a 0.3-acre lot, this single-tenant property offers ample space for a variety of retail businesses. The building boasts 30 parking spaces, ensuring convenient access for customers. The property is zoned B-1, allowing for a range of commercial uses. The entire 4,750 square feet is currently vacant, presenting a unique opportunity for a business to establish a prominent presence on a busy Woodward Avenue corridor in Oakland County. The address is highly visible and benefits from significant foot and vehicle traffic. This location offers excellent visibility and accessibility, making it an ideal space for a business seeking high exposure. The property's size and parking capacity make it suitable for a variety of retail concepts. The B-1 zoning provides flexibility for potential tenants. This is a rare opportunity to secure a prime retail space in a thriving Michigan community. The property is located in the 48073 zip code. Interested parties should inquire for lease terms and conditions. The property is ready for immediate occupancy.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,077,230
- 6.5%
- $994,362
- 7%
- $923,336
-
Comparable approach
- Method
- Valuation
- Relative Method
- $427,478
- Geo Method
- $427,478
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,874,330
- Retail / Commercial
- $977,463
- Mixed-Use / Specialty
- $986,834
- Hospitality / Lodging
- $740,747
- Office
- $994,362
- Institutional / Educational
- $1,030,500
- Residential Income
- $1,205,690
- Multifamily
- $1,374,770
- Automotive / Energy
- $883,290
- Parking / Income-Based Land
- $292,111
- Restaurant / Food Service
- $540,697
- Healthcare / Senior Housing
- $998,797
Location Insight
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Latitude
- 42.5116
- Longitude
- -83.1795
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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