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: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 8/8/2017

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

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Tax ID/APN: 04-22-200-027
Zoning: MULTI-FAMILY
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
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