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$ 4,250,000
Est. payment /mo
Price Dropped by $250K
0 Undisclosed Address Oakland, MI 48320
3,537 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $1,201
Municipality Oakland Twp
Subdivision Oakland Twp
MLS Listing ID 20240053210
Originating Board Realcomp
Year Built 2021
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions irregular
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 County - 70
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Pillar/Post/Pier
Sewer Public
Water Public
Structure Type Other
Others
Tax ID 252743100
Listed by C3 CRE, LLC