Vacant Land - 10.13 ac @ University Dr. & MLK Blvd.

Vacant Land for Sale
Catylist Listing ID: 30089239
Property Subtypes: Multi-Family, Retail-Pad
Gross Land Area: 10.18 Acres
Sale Price: $1,512,000
Unit Price: $148,526 Per Acre
Sale Terms: Purchase Money Mortgage
Last Updated: 9/18/2018

Overview / Comments

• Vacant land approximating 10 +/- acres.
• 1.55 acres zoned C-1 Commercial with access on Martin Luther King, Jr. Blvd.
• 5.9 acres zoned R-3 with access on University Dr.
• 2.75 acres zoned R-4. R-4 Zoning allows up to a 12-story high-rise development.
• Unser the assemblage R-4 can be accessed from both roads.
• The property is rolling terrain but fairly flat and will need some land balancing.
• The assembled 10 acres will have access from both University Dr. and Martin Luther King, Jr. Blvd.
• The R-4 land and C-1 land back up to the Clinton River to the South. South of that is M-59 visibility.
• Commercial MLK, Jr. land is adjacent a White Castle restaurant and M-59.
• Commercial MLK, Jr. land is very flat.
• The ultimate development will put a commercial site on this land with an easement through it to R-4 land.
• There is approximately 600 feet of frontage on University Dr., approximately 313.60 feet of frontage on MLK, Jr. Blvd, approximately 1,185.7 feet along M-59.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Oakland
Submarket/Township: Pontiac
Tax ID/APN: 14-28-230-019, 14-28-206-013, 14-28-230-001 thru 14-28-230-011
Zoning: C-1, R-3 AND R-4
Property Located Between: M-59 and University Dr.
Property Visibility: Excellent
Largest Nearby Street: M-59
Feet of Frontage: 600
Lot Frontage: 600
Lot Depth: 500
Zoning Description: • R-4 land allows 12 story development. • Potential to rezone R-3 to R-4. • Total parcel depth is +/- 660 feet of R-3 and R-4. • C-1 land is 313 x 184
Development Name: University Dr. Multi-Family

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,632 85,558 192,416
Median Age: 34.13 35.12 39.48
Households: 5,075 33,843 75,392


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