Sr. Living Development Opportunity 24AC - Fruitport, MI

Vacant Land for Sale
Catylist Listing ID: 30164042
Property Subtypes: Multi-Family, Other
Gross Land Area: 24 Acres
Sale Price: $2,600,000
Unit Price: $108,333 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2021

Overview / Comments

Senior Housing & Continuing Care Retirement Communities. The site is in close proximity to high quality healthcare and lifestyle services. There are no independent, assisted, or skilled nursing facilities in the immediate area. Offered for sale is an entitled 114.87-acre parcel on a prime retail and medical corridor near a regional mall and major highways. The property is zoned for a mixed-use PUD. The offering is for various parcels within the property. Offers for the purchase of the entire parcel will be considered. The Subject Property is ideally located in an area of active development. It is less than 2 minutes from the Lakes Mall and its surrounding restaurants and retail centers, 3 minutes from the site of a proposed casino resort, and directly across from the Mercy Health Lakes Campus.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Fruitport Township
Tax ID/APN: A portion of: 61-15-127-100-0016-00
Zoning: R-4
Property Located Between: Pontaluna Road and Sternberg Road
Property Visibility: Excellent
Legal Description: Lengthy legal at listing office.
Largest Nearby Street: Sternberg Road
Site Description: The Subject Property is strategically located on Harvey Street and Quarterline Road between the Pontaluna Road and Sternberg Road exits along the Lakes Mall retail corridor. Part of a larger development. Some of the approved uses include but are not limited to:  Retail with Prime Frontage: Neighborhood, Mid, and Big Box  Restaurant, Banquet Center, Food Service  Medical and Professional Office  Multifamily  Condominiums  Continuing Care Retirement Community (CCRC)
Part of Planned Development?: Yes
Development Name: Greenway Crossing
Topography: Level
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: 1,384 22,053 70,318
Median Age: 45.9 41.74 40.4
Households: 600 8,779 28,368


Photograph of Listing Agent

Todd A. Kamps, CCIM | SIOR

Cherette Properties, LLC CARWM Member
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