8811 Newburgh RdLivonia, MI 48150
- Commercial real estate
- 26,800 SF
Property Details for 8811 Newburgh Rd
- Year built
- 1995
- Lot size
- 5.92 AC
- Property size (Sq ft)
- 26,800 SF
- Property type
- Commercial real estate
- APN
- 46 124 99 0020 007
- APU
- 46124990020007
Description
Four Oaks Plaza offers a prime retail opportunity with 2,260 square feet currently available for lease. This space is situated within a thriving shopping center anchored by a CVS Pharmacy, ensuring high foot traffic and visibility. The center's strategic location directly across the street from Churchill High School provides access to a substantial student population and their families. The total building size encompasses 26,500 square feet, indicating a well-established and sizable retail complex. Ample parking is available for both tenants and customers, enhancing convenience and accessibility. The property's classification includes Shopping Center, Retail Center, and Restaurant, suggesting versatility in potential tenant types. The multiple-tenancy structure fosters a vibrant and collaborative retail environment. This space presents a unique chance to establish or expand a business within a well-positioned and successful shopping center. The available space is ideal for a variety of retail uses, offering significant potential for growth and profitability. Interested parties should inquire for lease terms and conditions. Please note that certain business inquiries are confidential and should not be approached directly.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,199,550
- 6.5%
- $4,799,580
- 7%
- $4,456,760
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,506,870
- Geo Method
- $2,506,870
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $9,324,140
- Retail / Commercial
- $4,805,870
- Mixed-Use / Specialty
- $4,808,040
- Hospitality / Lodging
- $3,552,640
- Office
- $4,799,580
- Institutional / Educational
- $5,005,320
- Residential Income
- $5,856,230
- Multifamily
- $6,916,630
- Automotive / Energy
- $4,290,280
- Parking / Income-Based Land
- $1,461,450
- Restaurant / Food Service
- $2,541,900
- Healthcare / Senior Housing
- $4,910,760
Location Insight
- City
- Livonia
- County
- Wayne
- State
- Michigan
- Latitude
- 42.3536
- Longitude
- -83.4117
- 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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