5900 Highland Rd - Auto Dealership FOR SALE


Waterford, MI 48327
$4,600,000 USD
248-840-6059
5900 Highland Rd, Waterford, MI for Sale
$4,600,000 USD
Auto Dealership - FOR SALE
1/8
null | Request Cap Rate

5900 Highland Rd
Waterford, MI 48327


OVERVIEW

Lasco Real Estate Group is pleased to present the exclusive listing at 5900 Highland Road, Waterford, Mi 48327, offered at $4,800,000.00. Built in 1972 and fully renovated in 2023, this property is comprised of 49,434 square feet of building space and sits on just under 7.5 acres of land. The front portion has been used in the past for automotive dealership sales, but would also be ideal for any business requiring retail store frontage or clients services, with private offices for management as well. This property is partially leased, just under 20%, through 6/30/29 with (2) five-year extension options available. The lease of the body shop portion of the building is transferrable to the new owner. Owners would consider a NNN Lease in lieu of a fee simple sale as well. This Property consists of two parcels - 1316352020 (6.359ac) & 1316352029 (.918ac) Mitsubishi is not currently occupying the space.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

1500

LAND DETAILS

LAND ACRES

7.28 AC

LAND SF

317,117 SF

ZONING

BI

APN/PARCEL ID

13-16-352-020

ASK ABOUT THIS PROPERTY

Jennifer LascoJennifer Lasco Real EstateMore Info
248-840-6059

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Jennifer LascoJennifer Lasco Real EstateMore Info
248-840-6059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.