Rare Freestanding Opportunity

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Rare Freestanding Opportunity

Type: Lease

505 S Lafayette Ave Royal Oak MI Oakland County

Property Type: Freestanding

Date Available: Immediately

Rent: $25.00/SF NNN

Contact Person(s): Anthony J. Vitale
& Louis J. Ciotti

(248) 488-2620

Highlights:

  • Located directly across the street from the newly announced Flagship Baker College Campus (1,500 students & 50 staff).
  • Exciting opportunity to locate retail, restaurant or office uses on this newly reenergized corridor.
  • The building sits as the end-cap to 5th Street and Lafayette Avenue – which offers a walkable “activated’ alley leading to many businesses and parking structures.
  • Many new development multiple-family projects under construction in the immediate area.

NNN Expense: $5.00/SF

Available Space: 4,000 SF (Potential for Expansion)

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 17,313 149,499 363,480
Avg. HH Income: $132,221 $97,543 $86,210

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.