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 Centers 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 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% 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.
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 60% gross pro?t margin, making this a more attractive value-add opportunity than the model of 35-45% 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.
Property Details
Price:
$4,250,000
MLS #:
20240053210
Status:
Active
Beds:
0
Baths:
0
Address:
0 Undisclosed Address
Type:
Commercial
Subtype:
Business and Real Estate
Neighborhood:
02101 – Oakland Twp
City:
Oakland
Listed Date:
Jul 23, 2024
State:
MI
Finished Sq Ft:
3,537
Total Sq Ft:
3,537
ZIP:
48320
Lot Size:
20,909 sqft / 0.48 acres (approx)
Year Built:
2021
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
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Schools
School District:
SouthfieldPublicSchools
Interior
Heating
Forced Air, Natural Gas
Exterior
Construction Materials
Other
Financial
Map
Community
- Address0 Undisclosed Address Oakland MI
- CityOakland
- CountyOakland
- Zip Code48320
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