NEW RETAIL DEVELOPMENT OPPORTUNITY - PORTAGE, MI
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30479499 |
| Property Subtypes: |
Retail
|
| Gross Land Area: |
2.80 Acres
|
| Sale Price: |
$899,000 |
| Unit Price: |
$321,071 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/26/2021 |
Overview / Comments
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NEW RETAIL DEVELOPMENT OPPORTUNITY – Largest commercial vacant land parcel available for sale on active S. Westnedge Ave. retail corridor in the City of Portage. Approx. 2.8-acre development site with 406’ of frontage. Estimated buildable land is 1.8 acres, due to wetlands. Ideal site for restaurant or retail use, property is conveniently located just south of S. Westnedge Ave./Romence Rd. intersection, across from Sam’s Club and Texas Roadhouse. Utilities available at street.
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Additional Details
| Nearest MSA: |
Kalamazoo-Portage |
| County: |
Kalamazoo |
| Taxing Authority: |
Portage, City of |
| Tax ID/APN: |
3910-00016-035-E / 3910-00016-045-C |
| Zoning: |
B-2, COMMUNITY BUSINESS DISTRICT / I-1, LIGHT INDUSTRIAL DISTRICT |
| Property Located Between: |
Romence Rd. & Centre Ave. |
| Property Visibility: |
Excellent |
| Legal Description: |
See attached |
| Largest Nearby Street: |
Romence Rd. |
| Feet of Frontage: |
406 |
| Highway Access: |
Located 1.5 miles south of I-94 and 4 miles northeast of US-131. |
| Area Description: |
Located on busy S. Westnedge Avenue retail corridor, across from Sam's Club and Texas Roadhouse. |
| Lot Frontage: |
406 |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,727 |
58,082 |
120,954 |
| Median Age: |
35.58 |
37.93 |
35.37 |
| Households: |
4,004 |
24,786 |
48,859 |
|
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