$3,500,000
Est. payment /mo
3,537 SqFt
Price Dropped by $750K
0 Undisclosed Address Oakland, MI 48320
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,537 sqft
Price per Sqft $989
Municipality Oakland Twp
Subdivision Oakland Twp
MLS Listing ID 20240053210
Year Built 2021
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions irregular
Source Realcomp
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 Center's 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 45% gross pro?t margin, making this a more attractive value-add opportunity than the model of 30-40%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