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Oakland,MI 48320
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $1,201
MLS Listing ID 60325603
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions irregular
Property Sub-Type Commercial/Industrial
Property Description
Rare opportunity for a ?agship location! Located in the heart of one of Oakland County's high-income suburbs, it is one of a select few Provisioning Centers in the immediate area. Operating Adult-Use/Medical Provisioning Center available for sale - Business/License & real estate available. Buyer has the option to purchase the Business/License and lease the real estate. Approximately $1M +/- worth of inventory can be purchased separately.  Opened for business in late 2021, with a steady monthly increase in sales. This location is currently averaging approximately $600,000 per month in revenue and has room for improvement. Current ownership operates near a 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% gross pro?t margin for most other Michigan Provisioning Centers. Freestanding building that was brand-new ground-up construction before its opening in 2021. The site includes 22 parking spaces, plus ample street parking, and a prime monument sign for excellent brand exposure. Great synergy in the immediate marketplace surrounded by a dense high-income residential population, as well as, several national/regional tenants.
Location
State MI
County Oakland
Area Oakland Twp (63101)
Zoning Commercial
Interior
Heating Forced Air
Building
Foundation Piller/Post/Pier
Water Public Water
Structure Type Other
Others
Ownership Bank Owned
Energy Description Natural Gas
Financing Cash