Former Burger King | Owner-User or Redevelop 16245 Livernois Ave

16245 Livernois Ave , Detroit, Michigan, 48221 | 1,766 sq.f | $ 750,000

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About This Restaurant

Investment Highlights

Excellent Redevelopment or Lease-Up Opportunity Centralized Location Direct Residential Consumer Base General Business (B-4) Zoning Adjacent to University of Detroit Merc Strong Tenant Presence

Executive Summary

- The site presents an excellent lease-up or redevelopment opportunity - The property is zoned B-4 ? General Business District, providing a wide range of commercial uses- The building is located in a highly desirable retail location with direct access to residential communities, national/regional tenants, and a university- Built in 1996, the property consists of 1,766 SF of GLA on 0.28 acres, and features a drive-thru to benefit the surrounding customer base

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Storefront Fast Food
  • Building Size    1,766
  • Building Class    C
  • Year Built    1996
  • Price    750,000
  • Price Per SF    425
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.30
  • Land Acres    0.13 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Property Taxes

Parcel Number 16-017807 Improvements Assessment $0
Land Assessment $0 Total Assessment $6,200
Date Created: 2024-07-16 04:16:18 Last Updated: 2024-07-16 04:16:18
Address: 16245 Livernois Ave , Detroit, Michigan, 48221