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19050 Telegraph Rd 3,920 SF 100% Leased Retail Building Detroit, MI 48219 $750,000 ($191.33/SF)
INVESTMENT HIGHLIGHTS
- HIGH-VISIBILITY CORNER LOT ON TELEGRAPH RD & W. 7 MILE RD
- HIGH TRAFFIC CORNER LOT, IDEAL FOR REDEVELOPMENT
- 0.60 ACRE HARD CORNER LOT
EXECUTIVE SUMMARY
Ideal for gas station, oil change, repair shop, or redevelopment. Great location. 0.60 acres located on a hard corner. (Telegraph Rd & 7 Mile Rd. Current tenant is month to month.
Property Description
The property features a 3,920-square-foot single-story building built in 1985, ideal for automotive, commercial, or redevelopment purposes. With zoning split between B-4
General Business District and R-1 Single-Family Residential, the site supports a versatile range of uses including drive-thru retail, freestanding commercial or restaurant, office, banks, and more. Concept plans are available for potential developers.
Located just north of Grand River Avenue in the Detroit West of Woodward
Submarket, this corner sees 75,000+ vehicles daily, making it a powerful location.
The property lies within a Qualified Opportunity Zone (QOZ), offering potential tax advantages for investors and developers. It is located in a thriving Detroit submarket near Redford Plaza and Old Redford, benefiting from robust consumer demand and demographic strength. The site features B-4 General Business District and R-1 Single-Family Residential zoning, supporting a wide range of uses such as gas station, auto repair, drive-thru restaurant, c-store, office, or freestanding commercial concepts. Concept plans are available, including options for drive-thru retail or gas station/c-store development
Property Description
The property features a 3,920-square-foot single-story building built in 1985, ideal for automotive, commercial, or redevelopment purposes. With zoning split between B-4
General Business District and R-1 Single-Family Residential, the site supports a versatile range of uses including drive-thru retail, freestanding commercial or restaurant, office, banks, and more. Concept plans are available for potential developers.
Located just north of Grand River Avenue in the Detroit West of Woodward
Submarket, this corner sees 75,000+ vehicles daily, making it a powerful location.
The property lies within a Qualified Opportunity Zone (QOZ), offering potential tax advantages for investors and developers. It is located in a thriving Detroit submarket near Redford Plaza and Old Redford, benefiting from robust consumer demand and demographic strength. The site features B-4 General Business District and R-1 Single-Family Residential zoning, supporting a wide range of uses such as gas station, auto repair, drive-thru restaurant, c-store, office, or freestanding commercial concepts. Concept plans are available, including options for drive-thru retail or gas station/c-store development
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,920 SF
Building Class
C
Year Built
1985
Price
$750,000
Price Per SF
$191.33
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Parking
25 Spaces (6.38 Spaces per 1,000 SF Leased)
Frontage
141’ on Telegraph Rd
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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19050 Telegraph Rd
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