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Retail | Office 2 Building Portfolio 2 Properties Offered at $2,778,400 CAD in Royal Oak, MI
Investment Highlights
- Dual-address portfolio comprising an income-producing retail/service site and a sizable office building.
- Avis Rent-A-Car tenant under long-standing NNN lease delivers strong income continuity.
- Located less than 1.5 miles from Downtown Royal Oak and major commuter routes for regional access.
- Woodward Avenue site offers 90 feet of frontage with daily traffic exceeding 90,000 vehicles.
- Second property provides expansion potential for owner-users or leasing strategy.
- Positioned in a highly desirable trade corridor with surrounding retail, dining, and entertainment venues.
Executive Summary
An excellent covered land play, this site is .47 acres and has a 700-square-foot building leased to Avis/Budget Rent-A-Car with a 30-car parking area, and a Vacant 4,600-
square-foot office building with a dedicated 15 car parking lot. Market Rent for Office Rent is between $18 - $22 price per square foot plus triple-net. Upside for a
replacement tenant at Market Rent or an Owner/User Opportunity for the 4,600-square-foot office building. Long Term Redevelopment Opportunity on 0.47 Acres. on
Woodward Avenue with over 90,000 Cars Per Day.
Over 350,000 people within five miles of the subject property. Less than 1.5 miles from Downtown Royal Oak and Oakland Community College, with approximately
14,000-plus students. Woodward Avenue and Royal is the home to the "Dream Cruise", "Arts Beats and Eats" and numerous other community events.
Avis/Budget Rent A Car & Vacant 4,600-Square-Foot Office are Available for Sale. Great Opportunity for an Owner/User or Investor Looking to Take Advantage of this
Covered Land Play. Long Term Occupancy since 2008 with Annual Rent Increases Including each Year of the One-Five-Year Option Period. Vacant 4,600-Square-Foot Office Building has Dedicated 15 Car Parking Lot on Site Just Under a Half-Acre with Over 90' of Woodward Frontage this Property Represents a Covered Land Play with Existing Income and Built in Upside for a Re-Development or Leasing of the Vacant Office
square-foot office building with a dedicated 15 car parking lot. Market Rent for Office Rent is between $18 - $22 price per square foot plus triple-net. Upside for a
replacement tenant at Market Rent or an Owner/User Opportunity for the 4,600-square-foot office building. Long Term Redevelopment Opportunity on 0.47 Acres. on
Woodward Avenue with over 90,000 Cars Per Day.
Over 350,000 people within five miles of the subject property. Less than 1.5 miles from Downtown Royal Oak and Oakland Community College, with approximately
14,000-plus students. Woodward Avenue and Royal is the home to the "Dream Cruise", "Arts Beats and Eats" and numerous other community events.
Avis/Budget Rent A Car & Vacant 4,600-Square-Foot Office are Available for Sale. Great Opportunity for an Owner/User or Investor Looking to Take Advantage of this
Covered Land Play. Long Term Occupancy since 2008 with Annual Rent Increases Including each Year of the One-Five-Year Option Period. Vacant 4,600-Square-Foot Office Building has Dedicated 15 Car Parking Lot on Site Just Under a Half-Acre with Over 90' of Woodward Frontage this Property Represents a Covered Land Play with Existing Income and Built in Upside for a Re-Development or Leasing of the Vacant Office
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 410 Cambridge Rd, Royal Oak, MI 48067 | Office | 4,600 SF | 1956 | - |
| 27364 Woodward Ave, Royal Oak, MI 48067 | Retail | 700 SF | 1958 | - |
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