BUILDING, LAND, LDR SITE FOR DEVELOPMENT

Multi-Family for Sale
Catylist Listing ID: 30061079
Property Subtypes: Senior Living, Student Housing, Other
Number of Units: 30 Units
Building Size (RSF): 28,000 SF
Gross Land Area: 10.87 Acres
Sale Price: $1,300,000
Unit Price: $43,333.33 Per Unit
Property Use Type: Vacant/Owner-User
Building Name: FORMER HUFF PARK SCHOOL CURRENT CITY OF PENECOST
Usable Size (USF): 25,000 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Last Updated: 7/11/2017

Overview / Comments

Motivated seller offering 10.8 acres and existing 28,000 sq ft building which is the former Huff Park Elementary School. USE CONVERSION.
Outstanding Knapp @ Ball Ave property in the desirable NE Grand Rapids neighborhood. 5 Minutes to Knapp's Corner, 15 Minutes to Downtown, Spectrum Hospital, Medical Mile. 6 arcres is the former Football-Soccer play fields and is clear, ready to develop. City services in the street. Outstanding location in exceptional LDR rental area of upscale apartments, retail centers, East Beltline and all parts of NE Grand Rapids. 5.5 ACRES OF LAND CAN BE SOLD SEPERATE AT $600,000.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: CITY OF GRAND RAPIDS, KENT COUNTY MI
Tax ID/APN: 41-14-09-301-027
Zoning: LDR RENTAL, SINGLE FAMILY, CONDOS, SENIOR LIVING & MORE...
Percent Occupied: 0%
Property Located Between: Knapp St & Aberdeen
Highway Access: 131 or 96
Airports: KENT COUNTY GERALD R FORD INTERNATIONAL
Site Description: Flat, tree free lot, slope or grade from back to front to street, Building is in solid shape, many improvements to electrical, roof, boilers, and mechanicals.
Area Description: LDR ZONING, LOCATED ALONG KNAPP CORRIDOR OF MANY RENTAL DEVELOPMENT LOCATIONS FROM FULLER TO KNAPPS CORNER. HUFF PARK IS A CITY OF GR WELL KEPT PARK, WALKING TRAILS, SPORTS FIELDS AND VERY SAFE AREA.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Renovated: 2010
Roof Type: Flat
Construction/Siding: Block
Exterior Description: BRICK
Parking Ratio: 28 (per 1000 SF)
Parking Type: Surface
Parking Description: OLD SCHOOL PARKING IN FRONT OF BUILDING.
Total Parking Spaces: 90
Zoning Description: LDR
Lot Frontage: 617
Lot Depth: 500
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,620 92,898 213,668
Median Age: 36.92 34.08 33.93
Households: 5,483 38,186 81,456

Source

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