16 ACRES DEVELOPMENT PROPERTY

Vacant Land for Sale
Catylist Listing ID: 28721992
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Other
Gross Land Area: 16.65 Acres
Sale Price: $299,900
Unit Price: $18,012 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/9/2016

Overview / Comments

FABULOUS DEVELOPMENT OPPORTUNITY. CONCEPT PLAN SHOWS 120 RESIDENTIAL UNITS WITH 50,300 SQ FT COMMERCIAL OPPORTUNITY IN A MIXED USE. ASSISTED LIVING OR APARTMENTS POSSIBLE HERE. LEVEL TOPOGRAPHY NO WETLANDS. SEWER AND WATER AT SITE. MORE AVAILABLE. 654 FT OF FRONTAGE ON BURKHART RD AND 547 FT FRONTAGE ON MASON RD. ZONED NEIGHBORHOOD SERVICE COMMERCIAL.

Additional Details

Nearest MSA: Detroit-Warren-Livonia
County: Livingston
Submarket/Township: Howell/Brighton Area
Tax ID/APN: 4706-32-400-012
Zoning: NSC
Market Type: Medium
Property Located Between: I-96 and Mason Rd
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Legal Description: SEC 32 T3N R4E COM SE COR, TH S 89^55' 08" W 355.60 FT TO POB, TH S 89^ 55' 08" W 547.81 FT, TH N 00^ 00' 00" E 900.16 FT, TH N 89^ 55' 08" E 904.12 FT, TH S 03^ 58' 40" E 191.75 FT TH S 00^ 58' 00" E 463.92 FT TH S 89^ 55' 08" W 377.44 FT, TH S 00^ 00' 00" E 245 FT TO POB 16.65 AC M/L SPLIT 9/93 FROM 006 LEGAL CORRECTED 9/22/04
Largest Nearby Street: I-96
Transportation: Highway
Highway Access: 1.5 MILES SOUTH OF M-59/ I-96 INTERCHANGE
Site Description: FABULOUS DEVELOPMENT OPPORTUNITY. CONCEPT PLAN SHOWS 120 RESIDENTIAL UNITS WITH 50,300 SQ FT COMMERCIAL OPPORTUNITY IN A MIXED USE. ASSISTED LIVING OR APARTMENTS ALSO POSSIBLE HERE. LEVEL TOPOGRAPHY NO WETLANDS. SEWER AND WATER AT SITE. PURCHASE PRICE INCLUDES 35 REU'S - MORE AVAILABLE. .654 FT OF FRONTAGE ON BURKHART RD AND 547 FT FRONTAGE ON MASON RD. ZONED NEIGHBORHOOD SERVICE COMMERCIAL.
Area Description: Howell/Brighton is experiencing tremendous resurgence of residential and commercial construction. This site is prime for residential community, ASSISTED LIVING, COMMERICAL OR MULTIPLE, APARTMENTS. Howell Township is experience very high absorption rates.
Lot Frontage: 904
Lot Depth: 900
Zoning Description: NON SERVICE COMMERCIAL - MIXED USE RESIDENTIAL
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Other


Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,536 38,378
Median Age: 37.8 38.02
Households: 4,988 14,417

Contact

Photograph of Listing Agent

Steve Gronow

Chestnut Development LLC
CPIX Member
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