Freestanding Former Restaurant for Sale - Troy, MI

Retail-Commercial for Sale
Catylist Listing ID: 30138809
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,364 SF
Gross Land Area: 1.06 Acres
Sale Price: $575,000
Unit Price: $131.76 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Rib City
Usable Size (USF): 4,364 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2017

Overview / Comments

This 4,364 SF freestanding building (former Rib City restaurant and bar) is located just north of the lighted intersection of John R Road and East Maple Road in Troy, Michigan. Being just minutes from I-75, Somerset Mall, and Oakland Mall, this busy, high-traffic area is ideal for a restaurant/bar or family dining. The property has 220 FT of frontage on John R Road. Ample parking and monument signage are available. 

THIS BUILDING IS AVAILABLE FOR SALE OR LEASE.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Troy South
Tax ID/APN: 20-25-352-047
Zoning: B-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Maple Road & Big Beaver Road
Property Visibility: Good
Largest Nearby Street: Maple Road
Feet of Frontage: 220
Traffic/Vehicle Count: 20,000
Highway Access: I-75 approximately 1 mile away
Site Description: John R Road, Just North of Maple Road
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,364 SF
Property Condition: Good
Year Built: 1976
Year Renovated: 2006
Parking Type: Surface
Zoning Description: B-3
Lot Frontage: 220
Legal Description: T2N, R11E, SEC 25 SUPERVISOR'S PLAT OF MAPLE ACRES LOT 7 EXC E 80 FT, ALSO EXC W 27 FT IN RD, ALSO LOT 8 EXC W 27 FT IN RD

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,513 135,119 348,982
Median Age: 44.62 40 40.57
Households: 4,352 53,292 144,677
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