3273 Huron StWaterford, MI 48328

Property Details for 3273 Huron St

Year built

2007

Lot size

4.00 AC

Property size (Sq ft)

11,119 SF

Zone code

BI

Property type

Drug stores

APN

W -13-26-401-040

APU

W1326401040

Description

This exceptional 12,228-square-foot retail property, formerly a Rite Aid, presents a remarkable investment opportunity. Situated on a prominent 4-acre lot at the hard corner of West Huron Street (M-59) and Elizabeth Lake Road in Waterford, Michigan, this location boasts exceptional visibility and accessibility. Built in 2007, the single-unit building is zoned C-4, offering considerable flexibility for a variety of uses. The property's prime location makes it ideal for a wide range of retail businesses, including fast food restaurants, car washes, and other high-traffic ventures. The substantial lot size provides ample space for expansion or additional development. This property is available for both sale and lease, providing options to suit diverse investment strategies. The address is 3273 W Huron St, Waterford, MI 48328, within Oakland County. This is a rare opportunity to acquire a well-located, sizable retail space in a thriving Michigan community. The property's history as a successful pharmacy demonstrates its strong potential for continued success under new ownership or tenancy. Serious inquiries are encouraged to explore this compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $2,798,055

  6.5%

  $2,582,820

  7%

  $2,398,333

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,620,980

  Geo Method

  $2,620,980

• Alternative Use

  Use

  Valuation

  Residential

  $2,178,705

  Hospitality

  $1,995,682

  Educational

  $1,660,384

  Medical

  $1,717,487

  Retail

  $2,582,820

Location Insight

City

Waterford

County

Oakland

State

Michigan

Latitude

42.6384

Longitude

-83.3521

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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