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$ 100,000
Est. payment | /mo
16,283 SqFt
$ 100,000
Est. payment | /mo
16,283 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 16,283 sqft
Price per Sqft $6
Subdivision Mi
MLS Listing ID 61003777
Annual Tax Amount $5,132
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 351x352x260x260
Property Sub-Type Commercial/Industrial
Property Description
Established Papa Romano's Pizza franchise opportunity in Rochester Hills, Michigan, offering a turnkey operation in a prime commercial location. This 1,800 square foot restaurant is strategically positioned within a high-traffic Main Street plaza, benefiting from excellent visibility and consistent foot traffic patterns. Key Investment Highlights: - Established franchise operation with proven business model - Prime 1,800 sq ft location in desirable Rochester Hills market - Competitive lease terms at $3,829 monthly rent - High-visibility storefront in busy Main Street plaza - Flexible ownership structure - maintain franchise or convert to independent operation - Turnkey operation ready for immediate transition Location Advantages: The restaurant occupies a strategic position in Rochester Hills' commercial corridor, providing access to both local residential customers and commuter traffic. The Main Street plaza location ensures consistent visibility and accessibility for dine-in, takeout, and delivery services. Operational Overview: This established pizza restaurant operates under the Papa Romano's franchise system, providing access to proven recipes, operational procedures, and brand recognition. The current setup includes full kitchen facilities, dining area, and all necessary equipment for immediate operation. Financial Structure: Asking price of $130,000 represents an opportunity to acquire an operational restaurant business with established systems and customer base. The favorable lease terms provide operational stability and cost predictability for new ownership. This opportunity suits investors seeking an established food service business in a proven market with flexible operational options and strong location fundamentals.
Location
State MI
County Oakland
Area Rochester Hills (63151)
Zoning Commercial
Interior
Heating Forced Air
Building
Water Public Water
Structure Type Stone
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by New Michigan Realty, LLC
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Shannon Bagdonas
Team Lead / Broker Partner