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Former QSR | Value-Add | Drive Thru 35134 Groesbeck Hwy 2,918 SF Retail Building Clinton Township, MI 48035 $1,200,000 ($411.24/SF)
Investment Highlights
- Value-Add Opportunity | Flexible General Business (B-3) Zoning | Drive-Thru Equipped | Large Parking Lot
- Robust Demographics | Michigan’s Most Populous Township | Detroit MSA
- Groesbeck Highway (28,300 VPD) Frontage | Established QSR Corridor |Dense National Retail Presence
Executive Summary
• Value-add opportunity to acquire a vacant former quick service restaurant (QSR) at a discounted basis and create significant upside through lease-up and stabilization
• Existing improvements, including a drive-thru lane, pylon signage, and a large parking lot, reduce tenant improvement costs and support an accelerated path to occupancy
• Zoned General Business (B-3), permitting a broad range of uses and providing flexibility to accommodate a variety of leasing strategies
• Existing improvements, including a drive-thru lane, pylon signage, and a large parking lot, reduce tenant improvement costs and support an accelerated path to occupancy
• Zoned General Business (B-3), permitting a broad range of uses and providing flexibility to accommodate a variety of leasing strategies
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,918 SF
Building Class
B
Year Built
1999
Price
$1,200,000
Price Per SF
$411.24
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.73 AC
Zoning
B-3 - General Business
Parking
40 Spaces (13.71 Spaces per 1,000 SF Leased)
Frontage
276’ on Groesbeck Hwy
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Number | 16-11-28-377-058 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $463,200 |
Property Taxes
Parcel Number
16-11-28-377-058
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$463,200
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