5619 Highland RdWaterford, MI 48327

Property Details for 5619 Highland Rd

Year built

1957

Lot size

0.37 AC

Property size (Sq ft)

994 SF

Zone code

BI

Property type

Office buildings

APN

W -13-21-127-005

APU

W1321127005

Description

This exceptional 994 square foot industrial property in Waterford, Michigan, boasts an unbeatable location on M-59, a major thoroughfare with an estimated daily traffic count of 40,000-50,000 vehicles. The 0.37-acre lot provides 100 feet of frontage on this high-visibility road, ensuring maximum exposure for your business. Situated just one mile from the Oakland County International Airport, this property offers unparalleled convenience and accessibility. The building itself features three offices, with the potential for a fourth, providing ample space for administrative functions. Additional features include a 12' x 26' dry storage shed equipped with built-in shelving, perfect for inventory or equipment storage. Seventeen parking spaces are available, ensuring convenient parking for employees and clients. A maintenance-free PVC privacy fence encircles three sides of the property, offering security and privacy. A backup generator provides peace of mind during power outages. The property's versatile layout makes it ideal for a variety of businesses, including but not limited to salons, medical billing services, insurance agencies, health and massage therapy practices, and more. This prime location in the thriving Oakland County market presents a unique opportunity for growth and success. The asking price is $324,000.

• CAP approach

  CAP return

  Valuation

  6%

  $170,161

  6.5%

  $157,072

  7%

  $145,852

• Comparable approach

  Method

  Valuation

  Relative Method

  $92,979

  Geo Method

  $92,979

• Alternative Use

  Use

  Valuation

  Residential

  $194,769

  Hospitality

  $178,407

  Educational

  $148,433

  Medical

  $153,537

  Retail

  $230,895

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.6597

Longitude

-83.3975

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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