CONFIDENTIAL - DOWNTOWN ROYAL OAK RESTAURANT | 714 S Washington Ave
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CONFIDENTIAL - DOWNTOWN ROYAL OAK RESTAURANT 714 S Washington Ave
6,700 SF Retail Building Royal Oak, MI 48067 $2,750,000 ($410/SF)
Investment Highlights
- 6,700 Square Foot Standalone Restaurant Building Located on Approximately .35 Acres of Premium Land
- Well Located on Washington Avenue in the Heart of Downtown Royal Oak - One of Metro Detroit's Premier Shopping and Nightlife Districts
- Dedicated Surface Parking Lot - Very Rare for Downtown Royal Oak
- Pride of Ownership Trophy Asset Located in Downtown Royal Oak - a True Nightlife, Business and Leisure Destination in Metro Detroit
- Directly Across the Street from Oakland Community College's Royal Oak Campus
- Turnkey Full Service Restaurant & Bar Opportunity with Patio Seating - Contact Agent for Liquor and Bar License Information
Executive Summary
CONFIDENTIAL OFFERING - DO NOT CONTACT OR SPEAK WITH RESTAURANT EMPLOYEES AT THE LOCATION
Encore Real Estate Investment Services is thrilled to offer an outstanding 6,700 square foot standalone restaurant located on approximately 0.35 acres of premium land in the heart of downtown Royal Oak. This high-profile asset is situated on Washington Avenue, right in the epicenter of one of Metro Detroit's most dynamic shopping and nightlife districts. Positioned directly across from Oakland Community College’s Royal Oak Campus, it features a rare, dedicated surface parking lot—an exceptional convenience in this bustling area.
This property presents a prime turnkey opportunity for a full-service restaurant and bar, complete with inviting outdoor patio seating. For those interested in the bar component, please reach out to the agent for detailed information on liquor and bar licenses. Its central location offers seamless access to major highways, including I-696, I-75, and Woodward Avenue, providing excellent connectivity to suburbs and downtown Detroit.
Downtown Royal Oak is a vibrant hotspot known for its electrifying nightlife and rich cultural scene. The area hosts a variety of popular events and festivals throughout the year, drawing large crowds and creating a lively atmosphere. Highlights include the annual Royal Oak Farmers Market, the Royal Oak Music Theatre, and numerous street festivals such as the Arts Beats and Eats, Royal Oak Beer Fest and the Royal Oak Clay, Glass & Metal Show. With over 85 service and retail shops, 175+ professional businesses, and more than 5.3 miles of walkable sidewalks, downtown Royal Oak is a thriving hub that promises significant foot traffic and visibility.
This property offers a unique chance to establish a prominent presence in a continually evolving and highly sought-after district and offers a turn key restaurant and bar/nightlife opportunity.
Encore Real Estate Investment Services is thrilled to offer an outstanding 6,700 square foot standalone restaurant located on approximately 0.35 acres of premium land in the heart of downtown Royal Oak. This high-profile asset is situated on Washington Avenue, right in the epicenter of one of Metro Detroit's most dynamic shopping and nightlife districts. Positioned directly across from Oakland Community College’s Royal Oak Campus, it features a rare, dedicated surface parking lot—an exceptional convenience in this bustling area.
This property presents a prime turnkey opportunity for a full-service restaurant and bar, complete with inviting outdoor patio seating. For those interested in the bar component, please reach out to the agent for detailed information on liquor and bar licenses. Its central location offers seamless access to major highways, including I-696, I-75, and Woodward Avenue, providing excellent connectivity to suburbs and downtown Detroit.
Downtown Royal Oak is a vibrant hotspot known for its electrifying nightlife and rich cultural scene. The area hosts a variety of popular events and festivals throughout the year, drawing large crowds and creating a lively atmosphere. Highlights include the annual Royal Oak Farmers Market, the Royal Oak Music Theatre, and numerous street festivals such as the Arts Beats and Eats, Royal Oak Beer Fest and the Royal Oak Clay, Glass & Metal Show. With over 85 service and retail shops, 175+ professional businesses, and more than 5.3 miles of walkable sidewalks, downtown Royal Oak is a thriving hub that promises significant foot traffic and visibility.
This property offers a unique chance to establish a prominent presence in a continually evolving and highly sought-after district and offers a turn key restaurant and bar/nightlife opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,700 SF
Building Class
B
Year Built
1982
Price
$2,750,000
Price Per SF
$410
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Land Acres
0.35 AC
Zoning
BI
Parking
21 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
74 FT on Washington Ave
Walk Score ®
Walker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $677,390 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$677,390
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Power Broker Deno Bistolarides -
Ayson Shammami -
Sal Yaldo -
Encore Real Estate Investment Services
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CONFIDENTIAL - DOWNTOWN ROYAL OAK RESTAURANT | 714 S Washington Ave
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