Commercial Development
Retail-Commercial
for Sale
| Catylist Listing ID: |
30843416 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Other
|
| Building Size (RSF): |
22,520 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.69 Acres
|
| Sale Price: |
$3,200,000 |
| Unit Price: |
$142.10 PSF |
| Ceiling: |
14 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Woodland Creek Furniture |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/18/2023 |
Overview / Comments
|
Incredible visibility for this site with over 700' on US-31 and unobstructed views of East Grand Traverse Bay. The site is 3.69 acres, has high traffic counts, and the Traverse Area Recreational Trail (TART) borders the entire back of the property for easy biking downtown. Existing businesses will move so the entire site can be redeveloped. Great opportunity for multi-family, hotel, restaurant, retail, office and more. Currently there are 3 buildings on the property with a combined square footage of 22,520. There are 4 driveways, plenty of parking and an outdoor playground. The existing buildings could be used as is, split into multiple businesses, added onto, or removed. Zoned Commercial Corridor allowing for mixed use development.
|
Additional Details
| Nearest MSA: |
Traverse City |
| County: |
Grand Traverse |
| Tax ID/APN: |
28-01-109-038-01 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1949 |
| Year Renovated: |
2007 |
| Roof Type: |
Arched |
| Construction/Siding: |
Other |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Lot Frontage: |
700 |
| Water Service: |
Well |
| Sewer Type: |
Municipal |
| Easements: |
Utilities, Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
977 |
11,435 |
32,137 |
| Median Age: |
45.1 |
43.09 |
41.68 |
| Households: |
455 |
4,999 |
14,070 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Moody's assume any liability for errors or omissions.
|
