4 Acre Hotel/Retail Development Site Adjacent Tanger Outlets

Vacant Land for Sale
Catylist Listing ID: 30049054
Property Subtypes: Hospitality, Retail, Retail-Pad
Gross Land Area: 3 - 4.03 Acres
Sale Price: $1,295,000
Sale Terms: Cash to Seller, Build-to-Suit, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/23/2019

Overview / Comments

Awesome new retail out lots in front of Tanger Outlets in Byron Center.

Sites are perfect for restaurants or retail purposes.

PARCEL A has NOW SOLD to Culvers who purchased for their parcel at $800,000.00 for 1.67 acres.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Taxing Authority: Byron Township
Tax ID/APN: 41-21-24-126-001 & -101-024 P.O.L.P
Zoning: URBAN RESIDENTIAL - MASTERPLANNED COMMERCIAL
Property Located Between: Byron Commerce Drive & Clyde Park Ave.
Property Visibility: Excellent
Legal Description: L/L LO
Largest Nearby Street: US 131 & 84th
Feet of Frontage: 494
Traffic/Vehicle Count: 18,951
Highway Access: Approximately 1,000 ft east to US 131'
Airports: Gerald R. Ford
Site Description: Approximately 3.0 useable acres out of 4.03 total acres parcel. Usable land is net of wetland and areas for retention.
Area Description: Summary Information/Highlights of the 84th Street & US-131 Retail Location: Parcel B is located along US-131 between Kalamazoo and Grand Rapids. This region has been reported by Bombardier Corp. to be the highest traffic N/S freeway-per-capita of RV’s East of the Mississippi. This piece is situated immediately north of the new Tanger Outlet Center, which is projected to attract approximately 4,000,000 visitors per year. This location includes direct frontage on US-131 overlooking preserved conservation easement for both suburban and naturally beautiful atmosphere. This property is positioned in the expanding Southern Retail Trade Area of Southern US-131 in Grand Rapids -- within one mile of the new M-6 Soutbeltline that connects the Eastern and Western portions of the region. This trade area has continued to grow despite state-wide population reduction. Moreover, the current population of this trade region totals approximately 146,000 people, far exceeding the other three retail trade areas around Grand Rapids. Due to it its proximity to US-131, this location will benefit from the “Southern Draw” effect that pulls upwards of 60,000 passersby’s. The Gun Lake Casino is based nearby, which brings in yet more visitors coming to an approximate total of 4,000,000. 18,951 AADT and US 131 - 66,726 AADT
Lot Frontage: 494
Lot Depth: 379
Zoning Description: RU - Urban Residential, and master-planned B-2 Commercial
Development Name: 84th Street Development
Topography: Other
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities, Other
Easements Description: There is an easement across parcels C,B and A in that order getting traffic from 84th street, south and east of these parcels
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,229 30,830 101,574
Median Age: 40.15 37.08 36.04
Households: 503 11,745 37,648

Contact

Photograph of Listing Agent

Brian D. Silvernail

Show Grand Rapids CARWM Member
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