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28531-28557 Woodward Ave
Berkley, MI 48072
Turnkey Berkley Dispensary · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turnkey dispensary
- 30+ Parking spaces inclusive of free street parking
- RE not included, must assume $15,000/mo. lease
- 80,000+ Two-way traffic count
- Seller financing available for qualified purchasers
EXECUTIVE SUMMARY
Come take a look at this incredibly rare opportunity to purchase a turnkey, premier flagship dispensary off Woodward Ave., in Berkley Michigan. The facility suite is 3,450 square feet with the ability to expand, and will be one of the only dispensaries situated on the historic and burgeoning Woodward Ave. This location boasts a remarkable two-way AADT of 80,000+ cars. Oakland county is one of the most sought after locations because of it's average family income, as well as its' dense population of nearly 1.3M people. This location is currently situated with 30+ parking spaces inclusive of free street parking on Wiltshire.
The deal does NOT include the real estate and the new purchaser would have to assume the lease of ~$15,000/mo. The Sellers are not looking to partner or JV on this location however, they are open to holding a note on a portion of the purchase price for qualified purchasers. Please feel free to reach out if you have any interest in expanding your brand and acquiring this premier location
The deal does NOT include the real estate and the new purchaser would have to assume the lease of ~$15,000/mo. The Sellers are not looking to partner or JV on this location however, they are open to holding a note on a portion of the purchase price for qualified purchasers. Please feel free to reach out if you have any interest in expanding your brand and acquiring this premier location
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,450 SF
Building Class
C
Year Built
1965
Price
$2,700,000
Price Per SF
$782.61
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.12 AC
Zoning
BI - Retail, Medical Office. Service-Woodward Business
Parking
20 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 25-17-257-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,380 |
PROPERTY TAXES
Parcel Number
25-17-257-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$246,380
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