Gateway to downtown Pontiac / Vacant Land

Vacant Land for Sale
Catylist Listing ID: 30179428
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 2.76 Acres
Sale Price: $581,526
Unit Price: $210,697 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/18/2018

Overview / Comments

• Excellent possible redevelopment of vacant land and existing residential homes that can likely be demolished for commercial presence.
* Owner will consider selling parcels separately for premium pricing
• Up to 2.76 Acres available
• Parcels are located at multiple locations within close proximity: NEC of Woodward Ave. and Huron St. (M-59), SEC of Woodward Ave. and University Dr., NEC of Woodward Ave. and University Dr., and NEC of Union/Seneca St. and University Dr.
• High traffic area with the Woodward "Loop" and University Dr. area the westbound "Gateway" into downtown Pontiac.
• Mixed use potential with a combination of vacant land, homes and a vacated apartment complex.

Full of potential:
• The Woodward Loop has existing plans with MDOT to turn into two-way traffic.
• The land is directly across from the new headquarters of Auch Construction.
• Purchase can analyze each corner for its own merit or purchase all corners.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 14-28-302-007, 14-28-302-008, 14-28-302-013, 14-28-302-004, 14-28-302-003, 14-28-303-002, 14-28-303-005, 14-28-303-001, 14-28-303-004, 14-29-282-024, 14-29-282-027,14-29-282-026, 14-28-301-002, 14-28-301-003, 14-28-304-001,
Zoning: MIXED USE/COMMERCIAL WITH REZONING
Property Located Between: Woodward Ave. and N Paddock St.
Property Visibility: Excellent
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,359 91,911 184,014
Median Age: 33.82 36.25 39.37
Households: 5,365 36,417 72,692

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