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32778-32782 Woodward Ave
Royal Oak, MI 48073
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Large private parking lot in rear- Scheduled for renovation
- High traffic visibility
- Proximity to major highways
- Prime location on Woodward Avenue
- Exquisite storefront with large display windows
- ADA compliant access and amenities
EXECUTIVE SUMMARY
Introducing an exceptional opportunity at 32778 Woodward Avenue in Royal Oak, MI. This property offers flexible floor plans, and abundant natural light, creating an inviting and functional workspace for businesses of all sizes. Tenants will enjoy ample parking, a prime location for visibility, and convenient access to major roadways.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
12,100 SF
Building Class
C
Year Built/Renovated
1946/1972
Price
$3,439,050 CAD
Price Per SF
$284.22 CAD
Cap Rate
9.15%
NOI
$314,687 CAD
Percent Leased
13%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.57 AC
Zoning
BI - Business
Parking
30 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
69’ on Woodward Ave
AMENITIES
- Bus Line
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 25-06-128-004 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $716,794 CAD |
PROPERTY TAXES
Parcel Number
25-06-128-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$716,794 CAD
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