17
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$1,525,000
Est. payment /mo
6,567 SqFt
Active
44784 Woodward Avenue Pontiac, MI 48341 5028
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,567 sqft
Price per Sqft $232
Subdivision Mi
MLS Listing ID 60956159
Annual Tax Amount $8,938
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions 160 x 175
Property Sub-Type Commercial/Industrial
Property Description
Prime 23-Room Motel Investment Opportunity on Woodward Avenue An exceptional opportunity to own a profitable fully operational 23-room motel located directly on Woodward Avenue, offering 160 feet of road frontage and unmatched exposure on Woodward, one of Michigan's highest-traffic commercial corridors. Positioned on the border of Bloomfield Hills, this property benefits from premium surrounding demographics, high visibility, strong signage opportunities, and sits on a spacious half-acre lot in a desirable green-zone location. The motel generates impressive returns with an Actual NOI of $168,000, an 11 percent cap rate at the list price, and even stronger performance potential with flexible rental options that allow rooms to be rented by the day, week, or month. A Land Contract is available with $1,000,000 down, making this a rare and accessible investment opportunity for qualified buyers. The property has been thoughtfully updated with a newer roof, new water heaters, new in-unit heating and cooling systems, and brand-new electrical throughout. Rooms have been remodeled, fully furnished, and are ready for continuous occupancy. A clean, well-maintained parking lot offers generous parking options for guests and increases overall convenience and appeal. The location continues to stand out with close proximity to major destinations - only eight minutes from Carl's Golfland, five minutes from Trinity Health, close to the I-75 Freeway, and twenty minutes from Orchard Lake Village - ensuring a steady flow of traffic and demand.
Location
State MI
County Oakland
Area Pontiac (63142)
Zoning Commercial
Interior
Heating Space Heater
Exterior
Roof Type Asphalt
Building
Foundation Basement, Slab
Water Public Water
Structure Type Vinyl Siding
Others
Ownership Private
Energy Description Electric
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Century 21 Curran & Oberski
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