714 S Washington Ave - Restaurant FOR SALE


Royal Oak, MI 48067
$2,750,000 USD
248-702-0288
714 S Washington Ave, Royal Oak, MI for Sale
$2,750,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

714 S Washington Ave
Royal Oak, MI 48067


HIGHLIGHTS

  • 6,700 Square Foot Standalone Restaurant Building Located on Approximately .35 Acres of Premium Land
  • Pride of Ownership Trophy Asset Located in Downtown Royal Oak - a True Nightlife, Business and Leisure Destination in Metro Detroit
  • Well Located on Washington Avenue in the Heart of Downtown Royal Oak - One of Metro Detroit's Premier Shopping and Nightlife Districts
  • Directly Across the Street from Oakland Community College's Royal Oak Campus
  • Dedicated Surface Parking Lot - Very Rare for Downtown Royal Oak
  • Turnkey Full Service Restaurant & Bar Opportunity with Patio Seating - Contact Agent for Liquor and Bar License Information

OVERVIEW

CONFIDENTIAL OFFERING - DO NOT CONTACT OR SPEAK WITH RESTAURANT EMPLOYEES AT THE LOCATION Encore Real Estate Investment Services is thrilled to offer an outstanding 6,700 square foot standalone restaurant located on approximately 0.35 acres of premium land in the heart of downtown Royal Oak. This high-profile asset is situated on Washington Avenue, right in the epicenter of one of Metro Detroit's most dynamic shopping and nightlife districts. Positioned directly across from Oakland Community College’s Royal Oak Campus, it features a rare, dedicated surface parking lot—an exceptional convenience in this bustling area. This property presents a prime turnkey opportunity for a full-service restaurant and bar, complete with inviting outdoor patio seating. For those interested in the bar component, please reach out to the agent for detailed information on liquor and bar licenses. Its central location offers seamless access to major highways, including I-696, I-75, and Woodward Avenue, providing excellent connectivity to suburbs and downtown Detroit. Downtown Royal Oak is a vibrant hotspot known for its electrifying nightlife and rich cultural scene. The area hosts a variety of popular events and festivals throughout the year, drawing large crowds and creating a lively atmosphere. Highlights include the annual Royal Oak Farmers Market, the Royal Oak Music Theatre, and numerous street festivals such as the Arts Beats and Eats, Royal Oak Beer Fest and the Royal Oak Clay, Glass & Metal Show. With over 85 service and retail shops, 175+ professional businesses, and more than 5.3 miles of walkable sidewalks, downtown Royal Oak is a thriving hub that promises significant foot traffic and visibility. This property offers a unique chance to establish a prominent presence in a continually evolving and highly sought-after district and offers a turn key restaurant and bar/nightlife opportunity.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CONFIDENTIAL - DOWNTOWN ROYAL OAK RESTAURANT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

BI

APN/PARCEL ID

25-21-285-004

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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