13.61 Acres of Multi-Family Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30088368
Property Subtypes: Multi-Family, Other
Gross Land Area: 13.61 Acres
Sale Price: $895,000
Unit Price: $65,760 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2018

Overview / Comments

• Excellent Multi-Family development opportunity adjacent to the new Abbey Ridge Apartments
• Highly desirable location: south of Oxford High School, near retail, numerous lakes, parks, and recreation and M-24.
• Two additional land parcels available: 10.13 acres & 8.70 acres of Multi-family Townhomes/Condos
• Robust leasing now occurring in Abbey Ridge Apartments

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Tax ID/APN: 04-22-200-027
Property Located Between: E. Burdick St. and Ray Rd.
Property Visibility: Excellent
Largest Nearby Street: M-24
Zoning Description: Residential (Multi-Family or Senior Housing)
Part of Planned Development?: Yes
Development Name: Abbey Ridge
Topography: Level

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,022 23,575 47,108
Median Age: 38.25 38.7 39.58
Households: 1,191 8,475 17,069
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.