Madison Heights, 350 E 14 Mile Road - Operating Restaurant For Sale

Retail-Commercial for Lease
Catylist Listing ID: 29985410
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 3,566 SF
Building Size (RSF): 3,566 SF
Gross Building Area: 6,941 SF
Gross Land Area: 0.49 Acres
Lease Rate: $18 PSF (Annual)
Base Monthly Rent: $5,349
Lease Types: NNN
Building Name: Sindibad Restaurant
Last Updated: 10/23/2017

Overview / Comments

Sindibad Restaurant - Mediterranean Cuisine. A rare opportunity to lease or purchase a successful operating business. Located on 14 Mile Road, just East of John R Road, this location sees over 40,000 vehicles per day and is within half a mile to I-75 access. In addition to the nearby Oakland Mall, surrounding retail synergy is strong making for an excellent daytime population, more than 20,000 people within 1 mile. The restaurant is approximately 3,566 SF on .5 acres with an additional .31 acres available for purchase in the rear. Ample parking with great access to 14 Mile Road and the adjacent Townley Street.

*Business is currently operating, please do not approach ownership or employees. To schedule a showing, please contact broker.

Expand All Available Space

Suite: 350 E 14 Mile Road 3,566 SF $18 PSF (Annual) NNN
Space Available: 3,566 SF
Lease Rate: $18 PSF (Annual)
$5,349 (Monthly)
Lease Type: NNN
Space Description: 3,566 SF Restaurant space available for lease. Recently renovated, fresh and well kept. Currently the operating Sindibad Mediterranean Restaurant, this location has a strong and loyal customer base. In addition to a large dining area, the restaurant is also equipped with a large bar area with ample seating for approximately 120 people. In addition, there is a full footprint basement with a full bar, used for banquets, large parties, and charity poker tournaments.
Space Subcategory: Free-Standing Store, Cold Storage
Date Available: 7/12/2016
Space Type: Relet
Kitchen Yes
Parking Spaces 40

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Royal Oak Vicinity
Taxing Authority: Madison Heights
Tax ID/APN: 25-01-101-022
Zoning: MISC. COMMERCIAL SERVICES
Retail Clientele: General, Family, Business, Recreation
Property Located Between: John R Road & Dequindre on the South side of 14 Mile Road
Property Visibility: Excellent
Largest Nearby Street: 14 Mile Road
Feet of Frontage: 85
Traffic/Vehicle Count: 400,000
Highway Access: With .5 miles of I-75
Site Description: Well kept and updated restaurant with ample parking and excellent visibility.
Area Description: 14 Mile is a busy corridor in regards to traffic with the nearby access to the I-75 interchange as well as the strong retail draw. With many surrounding retailers and services, this area has a high daytime population as well as a strong residential population surrounding the restaurant.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,566 SF
Property Condition: Excellent
Year Built: 1970
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Front brick facade with large windows fronting 14 Mile Road.
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Parallel parks available along the side of the restaurant, with the remainder of the parking to the rear. Access to parking lot from 14 Mile Road as well as the adjacent Townley Road.
Air Conditioning: Package Unit
Interior Description: Main dining is open and equipped with individual tables and booths. Off the dining area, there is ample bar seating.
Zoning Description: Misc. Commercial Services
Lot Frontage: 85
Lot Depth: 200
Legal Description: T1N, R11E, SEC 1 JOHN R CENTER SUB LOTS 62 TO 65 INCL & 1/2 OF VAC ALLEY ADJ TO SAME, ALSO LOTS 111 & 112, ALSO 1/2 OF VAC ALLEY ADJ LOT 112

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,500 146,282 378,170
Median Age: 43.25 39.68 40.03
Households: 4,705 60,215 157,628
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