4355 Dixie HwyWaterford Township, MI 48329

Property Details for 4355 Dixie Hwy

Year built

1945

Lot size

0.29 AC

Property size (Sq ft)

1,459 SF

Zone code

BI

Property type

Turn key restaurants

APN

W -13-10-402-012

APU

W1310402012

Description

This exceptional 1,241 square foot retail property, situated on a 1.05-acre lot in Oakland County, presents a rare opportunity for lease or purchase. Located on busy Dixie Highway near the Sashabaw Road intersection, this single-tenant building boasts a prime location surrounded by numerous national and local retailers, ensuring high visibility and foot traffic. Built in 1945, the property features a drive-thru, making it ideally suited for a variety of businesses, including restaurants and coffee shops. The building is currently vacant and offers significant potential for redevelopment. The zoning is C-2, allowing for a range of commercial uses. The property's size and location make it an attractive investment for those seeking a high-traffic location in a thriving commercial area. The asking price for the sale is $500,000, translating to $402.90 per square foot. Alternatively, the lease rate is $17.00 per square foot, NNN. This property offers a unique blend of established location and redevelopment potential, making it a compelling investment opportunity in the heart of Waterford. The one-story building is part of a larger parcel, offering ample space for expansion or future development. Its proximity to major roadways ensures excellent accessibility for customers and employees alike. Don't miss this chance to secure a prominent retail space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $367,152

  6.5%

  $338,909

  7%

  $314,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $343,917

  Geo Method

  $343,917

• Alternative Use

  Use

  Valuation

  Residential

  $285,883

  Hospitality

  $261,867

  Educational

  $217,870

  Medical

  $225,363

  Retail

  $338,909

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.6821

Longitude

-83.3755

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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