23365 Woodward Ave - Storefront Retail/Office FOR SALE


Ferndale, MI 48220- Downtown Ferndale
$995,000 USD
248-917-5923
23365 Woodward Ave, Ferndale, MI for Sale
$995,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | Request Cap Rate

23365 Woodward Ave
Ferndale, MI 48220
Downtown Ferndale


OVERVIEW

The DYE Salon proudly celebrates two decades of operation, during which time we have experienced remarkable growth alongside Ferndale's burgeoning urban landscape. Renowned as one of the most sought-after residential areas. Ferndale has witnessed a substantial downtown expansion further enhancing its allure. DYE Salon is strategically situated on Woodward Avenue which allows our salon to benefit from high visibility, attracting the attention of millions of passing motorists. Ferndale's recent traffic management initiatives, including a road detour directly in front of our establishment have significantly boosted exposure and foot traffic. A testament to the city's meticulous urban planning. Spanning approximately 4,400 square feet, our building boasts a distinctive layout conducive to various business endeavors. Additionally, the sale encompasses a generously sized parking lot, valued at approximately $200,000 by the city, providing ample parking space with over twenty spots in total. Furthermore, the building has undergone extensive renovations over the past three years, including upgrades to electrical, plumbing, and tuck pointing on the brick structure, as well as roofing and flooring enhancements. The addition of new bathrooms ensures optimal comfort and convenience for patrons and staff alike.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Dye Hair Salon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

BI

APN/PARCEL ID

25-27-303-047

ASK ABOUT THIS PROPERTY

John PickellRe/max ClassicMore Info
248-917-5923

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

John PickellRe/max ClassicMore Info
248-917-5923

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