Property Listing No Longer Available for Sale

32790 Woodward Avenue, Royal Oak, MI

Shopping Center for Sale - $2,360,000 - 12,100 Sq. Ft.


Property Info

CIMLS#455579
Location
  32790 Woodward Avenue
  Royal Oak MI 48073
UpdatedMay 22nd, 2012
TypeShopping Center
Price$2,360,000
Building12,100 Sq. Ft.

Property Description

A quality 12,100 square foot property located in a highly visible and high traffic location. The property consists of three tenants located on the Woodward Avenue Corridor which supports 350 businesses on a four mile stretch. Traffic count approximates 80,000 vehicles per day.

Location Description:

Royal Oak is in the heart of the Detroit Metropolitan area - just north of the city. There is easy access to all major freeways from I-696, I-75 and I-96 including the major Detroit area thoroughfare - Woodward Avenue. More than 2400 businesses and organizations have established businesses in Royal Oak. Key employers include William Beaumont Hospital, Masco Tech Forming Technologies, Hawthorne Production Stamping Division, Consumers Power Company and Detroit Edison. The property is located immediately south of the cities of Birmingham and Bloomfield Hills - very upscale and high income communities. Average household income surrounding the property exceeds $100,000.

Highlights:

>> Exceptionally High Traffic Count

>> Centrally Located

>> Higher Income/Upscale Area

>> Motivated Seller

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Financials