Resi-Development Opportunity 40 Acres - Fruitport, MI

Vacant Land for Sale
Catylist Listing ID: 30164028
Property Subtypes: Residential (Single Family)
Gross Land Area: 40 Acres
Sale Price: $1,575,000
Unit Price: $39,375 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2021

Overview / Comments

Offered for sale or joint venture is an entitled 35-40 acre parcel designated for condominium development with access via Quarterline Road and possible connections to the adjacent mixed-use parcel. The boundaries for parcel division are negotiable. Initial estimates suggest 125 to 150 homes may be placed on the site. The Subject Parcel is part of Greenway Crossing, a dynamic, planned community development with many features. The 115-acre PUD is ideal for a walkable, live-work-play concept. Anticipated uses within the PUD include:
▪ Condominiums / High-Density Residential
▪ Class A Apartments and Amenities
▪ Senior Housing / Continuing Care Retirement Community
▪ Medical & Professional Office
▪ Retail & Restaurant
▪ Exclusive residential access via Quarterline Road and buffers like water features, berms, and wooded areas will maintain privacy and a residential feel.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Fruitport Township
Tax ID/APN: Portion of: 61-15-127-100-0016-00
Property Located Between: Pontaluna Road and Sternberg Road
Property Visibility: Excellent
Legal Description: Lengthy legal at listing office
Largest Nearby Street: Sternberg Road
Feet of Frontage: 1,300
Area Description: The Subject Property is strategically located an area of active development on Harvey Street and Quarterline Road between the Pontaluna Road and Sternberg Road exits along the Lakes Mall retail corridor. 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 across from the Mercy Health Lakes Campus.
Lot Frontage: 1300
Lot Depth: 1300
Zoning Description: Currently the entire Development is zoned R-4.
Part of Planned Development?: Yes
Development Name: Greenway Crossing
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Broadband, 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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