Lease, Sale, Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30178404
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Movie Theatre, Restaurant, Retail-Pad, Other
Building Size (RSF): 230,500 SF
Gross Building Area: See Agent
Gross Land Area: 22.50 Acres
Sale Price: $1
Unit Price: $0 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2017

Overview / Comments

The subject property is a 230,500 SF former Sears that is located at the north end of the Summit Place Mall (pending redevelopment), in Waterford Township, Michigan. The existing building is positioned on 22.5 acres of land and is available in this attractive and growing market with 727 feet of frontage on Telegraph Road. Telegraph road splits the boarder of Pontiac and Waterford Township. The property can be reused or redeveloped, and offers Pad Site opportunities. The subject is located in the center of Oakland County with Telegraph Road frontage, a growing location among commercial and residential population and is in close proximity to the Oakland County Court house, Oakland County Sheriff’s Office, Oakland County Health Division, Oakland Schools Conference Center, Oakland County Road Commission, and many new administrative functions. The site is currently zoned C-4; Extensive Business, allowing for many types of users. The property boasts excellent visibility, access, and strong residential and commercial density!

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Lakes Area
Tax ID/APN: 1325200030
Zoning: C4
Year Built: 1971
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,901 88,351 192,454
Median Age: 36.94 36.66 38.97
Households: 4,822 34,920 76,199
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