7.75 Acre WATERFRONT DEVELOPMENT

Vacant Land for Sale
Also listed as Special Purpose
Catylist Listing ID: 30263337
Gross Land Area: 7.75 Acres
Sale Price: $495,000
Unit Price: $63,870 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2018

Overview / Comments

WATERFRONT DEVELOPERS–opportunity knocks in this expanding riverfront/Saginaw Bay community. The infrastructure and red tape is complete, ready for development. The Master Deed is recorded for 68 units and the permit for 24 boat slips on the no wake zone of the Saginaw River. One owned four-unit building is on the site and the demand exists for ongoing development. This 7.75 acre site offers a great view of the downtown Bay City waterfront and its many activities throughout the year–Class A fourth of July fireworks festival, weekly concerts,Tall Ships destination, theme festivals in the park to the south, etc. Adjacent to one of the city's rail trails and walking distance to several eateries and services. There is also a full service marina adjacent to the north for those who choose to moor their vessel in such an environment and have the luxury of a condominium. A definite gem awaits for those who choose to experience this undiscovered community and development opportunity. BROWNFIELD Tax Incentives may be available. Reduced from $795,000. Seller is motivated.

Additional Details

Nearest MSA: Bay City
County: Bay
Taxing Authority: City of Bay City
Tax ID/APN: 160-021-126-000-00
Zoning: MEDIUM DENSITY RESIDENTIAL
Market Type: Medium
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Development Name: Iron Bridge at Wheeler's Landing
In Flood Plain?: Yes
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,110 61,432 73,762
Median Age: 35.04 40.61 40.97
Households: 3,399 26,080 31,067

Contact

Photograph of Listing Agent

Sandra J. Covaleski, CCIM

COMMERCIAL EQUITIES CPIX Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.