6360 Wayne RdWestland, MI 48185

Property Details for 6360 Wayne Rd

Year built

1989

Lot size

0.77 AC

Property size (Sq ft)

7,286 SF

Property type

Turn key restaurants

APN

56 035 04 0001 013

APU

56035040001013

Description

This 7,250 square foot freestanding restaurant building is available for purchase at $995,000. Located in Westland, Michigan, at the hard corner of North Wayne Road and Hunter Avenue, this property benefits from a highly visible signalized intersection. The 0.76-acre lot provides ample parking for patrons. The building features multiple points of ingress and egress for convenient access. A prominent pylon sign ensures high visibility from the road. The interior is fully equipped for restaurant operations, making this a turnkey opportunity for a new owner. The property is zoned CB-3, allowing for continued restaurant use. This prime location and existing infrastructure offer a significant advantage for a restaurateur seeking a well-established and visible location in a thriving area. The substantial square footage and ample parking make this an attractive investment for those seeking a successful restaurant venture. The property's strategic placement at a signalized intersection ensures high traffic volume and excellent exposure to potential customers. This is a rare opportunity to acquire a fully operational restaurant building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,833,495

  6.5%

  $1,692,457

  7%

  $1,571,567

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,717,462

  Geo Method

  $1,717,462

• Alternative Use

  Use

  Valuation

  Residential

  $1,427,650

  Hospitality

  $1,307,720

  Educational

  $1,088,008

  Medical

  $1,125,426

  Retail

  $1,692,457

Location Insight

City

Westland

County

Wayne

State

Michigan

Latitude

42.3313

Longitude

-83.3861

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].