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$ 1,525,000
Est. payment | /mo
6,567 SqFt
$ 1,525,000
Est. payment | /mo
6,567 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,567 sqft
Price per Sqft $232
Municipality Pontiac
Subdivision Pontiac
MLS Listing ID 20251056891
Year Built 1951
Annual Tax Amount $8,938
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions 160 x 175
Source Realcomp
Property Description
Prime 23-Room Motel Investment Opportunity on Woodward AvenueAn 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 Oakland County - 70
Zoning Commercial
Direction South on Telegraph, L on M-59, R on Woodward, U Turn after S Blvd E, Destination on Right Before S Blvd E
Rooms
Basement Basement
Interior
Heating Space Heater
Exterior
View Y/N No
Building
Foundation Block, Slab
Water Public
Structure Type Vinyl Siding
Schools
School District Pontiac
Others
Tax ID 1904202003
Listed by Century 21 Curran & Oberski
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Mike Himes
Associate Broker | Lic# 501408694