1005 N Main St - Service Station FOR SALE


Royal Oak, MI 48067
$875,000 USD
248-952-8383
1005 N Main St, Royal Oak, MI for Sale
$875,000 USD
Service Station - FOR SALE
1/25
null | Request Cap Rate

1005 N Main St
Royal Oak, MI 48067


HIGHLIGHTS

  • Corner lot on signalized intersection of 3 busy roads.
  • Large parking lot for customers and employees
  • Excellent re-development opportunity in Royal Oak, an inner-ring suburb of Detroit.

OVERVIEW

Take a look at this .41 acre site in down town Royal Oak. Currently zoned Neighborhood Business. Located on the high traffic corner of Main St. and Catalpa, this parcel offers 173 feet of road frontage with water and sewer at street. Nestled just south of the merging of Crooks and Rochester Roads on to Main St. This property catches the high volume of traffic that comes South into downtown Royal Oak. Small 1500 sq. ft. auto shop currently exists on property- value is in the land. Former underground storage tanks have been removed. Permitted to go 36’ in Building Height, with an assortment of uses.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$564 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

Catalpa Drive

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C-3

APN/PARCEL ID

25-16-282-014

ASK ABOUT THIS PROPERTY

Paul MeldrumMax Broock CommercialMore Info
248-952-8383

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Paul MeldrumMax Broock CommercialMore Info
248-952-8383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.