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$ 2,950,000
Est. payment | /mo
8.04 Acres Lot
$ 2,950,000
Est. payment | /mo
8.04 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 80053460
Year Built 2023
Lot Size 8.040 Acres
Acres 8.04
Lot Dimensions irregular
Property Sub-Type Multi-Family
Property Description
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
Location
State MI
County Grand Traverse
Area Garfield Twp (28005)
Interior
Heating Floor Furnace
Building
Foundation Slab
Water Public Water
Schools
School District Traverse City Area Public Schools
Others
Ownership Corporation
Energy Description Electric
Financing Cash
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Listed by REO-TCRandolph-233022
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "