32106 Woodward AveRoyal Oak, MI 48073

Property Details for 32106 Woodward Ave

Year built

1969

Lot size

0.18 AC

Property size (Sq ft)

3,837 SF

Zone code

GEN BUS

Property type

Other commercial real estate

APN

72-25-06-252-037

APU

722506252037

Description

This exceptional redevelopment opportunity encompasses three buildings totaling 23,522 square feet on a 0.53-acre lot at 32106 Woodward Ave, Royal Oak, MI 48073. The property boasts 12,917 square feet of net rentable space, currently vacant, and is ideally situated on a high-traffic corridor with over 100,000 cars daily. The site features excellent Woodward Avenue frontage exceeding 174 feet, offering unparalleled visibility and accessibility. Currently zoned C-S (Commercial-Service), the city is open to various commercial uses, including mixed-use proposals for multiple stories. This assemblage presents a unique chance to capitalize on the strong demographics of the area, with over 12,000 people residing within a one-mile radius. The property is offered for sale, with the current owner also open to considering a ground lease. This prime location, combined with its size and zoning flexibility, makes this an unparalleled investment opportunity in a thriving Michigan market. The three buildings are two stories high, and the property includes three units. The current zoning allows for a variety of commercial uses, including bank, QSR/fast food, and storefront options.

• Alternative Use

  Use

  Valuation

  Residential

  $879,030

  Hospitality

  $805,187

  Educational

  $669,906

  Medical

  $692,945

  Retail

  $1,042,076

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.5259

Longitude

-83.1933

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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