7669 Highland Rd - Storefront Retail/Residential FOR SALE


Waterford, MI 48327
$399,000 USD
248-568-7358
7669 Highland Rd, Waterford, MI for Sale
$399,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

7669 Highland Rd
Waterford, MI 48327


HIGHLIGHTS

  • The property features a prominent pylon sign.
  • The building was repainted in 2026.
  • Zoned BI allowing for many possible uses.
  • Existing rental rates are substantially below market.
  • The location offers outstanding visibility.
  • The property is situated directly across from an international airport.

OVERVIEW

Positioned along the highly traveled Highland Rd (M-59) corridor, 7669 Highland Rd presents a compelling value-add investment opportunity in one of Waterford's most established commercial corridors. The property consists of a 3,000 SF freestanding mixed-use building featuring two street-level retail suites and a secondstory apartment, plus a 1,500 SF detached garage offering additional income or owner storage potential. Currently 75% occupied, the property generates immediate cash flow from two long-term tenants—both in place since 2008 and currently leasing on a monthto-month basis—while providing investors with significant upside through lease restructuring, market-rate rent increases, and lease-up of the vacant retail suite and detached garage. Existing rental rates are substantially below market, creating a clear path to increased NOI. Situated directly on Highland Rd with approximately 45,000 vehicles passing daily, the property offers outstanding visibility, a prominent pylon sign, and convenient access to Oakland County International Airport, Pontiac Lake, and the surrounding Lakes Area. Recent exterior improvements completed in 2026 further enhance curb appeal, making this an attractive opportunity for investors seeking both stable income and long-term value creation. Nestled in a thriving commercial hub, this property is ideally located directly across from Oakland County International Airport, a hub for business and private aviation, and just steps from Pontiac Lake Recreation Area, a major regional attraction. The location also boasts an array of dining options, retail centers, and community services, providing a favorable environment for professionals and employees. With its strategic position and local charm, Waterford presents an enticing proposition for investors seeking a dynamic and vibrant locale for their next venture.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

BI

APN/PARCEL ID

13-18-378-009

ASK ABOUT THIS PROPERTY

Mark MamassianP.A. Commercial, LLCMore Info
248-568-7358

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Mark MamassianP.A. Commercial, LLCMore Info
248-568-7358

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