1.0 acre prime redevelopment land site

Vacant Land for Sale
Also listed as Office
Catylist Listing ID: 30368964
Property Subtypes: Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 1 Acre
Sale Price: $300,000
Unit Price: $300,000 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/16/2021

Overview / Comments

This 75' X 586' property is one of the few commercial lots available on Grand River Avenue. It is located near the main shopping district in Farmington Hills. With daily traffic count in excess of 43,000 cars, this high visibility location is ideal for a wide range of uses allowed in the B–3 General Business district.

The value is based on the land with the expectation that the builidng on this site will be removed.

Attachments & Media

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Farmington / Farm Hills
Taxing Authority: Farmington Hills, MI
Tax ID/APN: 2223-35-105-009
Zoning: B3
Property Located Between: South side of Grand River, East of Orchard Lake Road
Property Visibility: Excellent
Largest Nearby Street: Orchard Lake Road
Feet of Frontage: 75
Traffic/Vehicle Count: 22,000
Lot Frontage: 77
Lot Depth: 586
Zoning Description: B-3
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,769 99,565 270,151
Median Age: 41.12 41.51 42.67
Households: 5,288 41,568 113,527

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